Question

which one of the following is not part of starting and running a business? selecting a business structure setting up systems to get work done developing a business plan deciding what you will sell and who you will sell it to selecting the fabric for employee uniforms question 20 a specific group of customers at which a product/service is aimed is called: seed investors a target audience an s - corp a focus group question 21 true or false: before deciding what you will sell as an entrepreneur, you should avoid conducting research to learn about both market trends and customer needs.

Explanation:

• For the first question, selecting business structure, setting up work - systems, developing a business plan and deciding products and customers are key aspects of starting and running a business. Selecting fabric for employee uniforms is a later - stage, less fundamental activity.
• For the second question, a target audience is the specific group of customers a product or service is aimed at. Seed investors are funding sources, an S - Corp is a business structure and a focus group is for market research.
• For the third question, entrepreneurs should conduct research on market trends and customer needs before deciding what to sell, so the statement is false.

Answer:

• Question 1: Selecting the fabric for employee uniforms
• Question 2: A target audience
• Question 3: False