You are expected to provided in-depth responses to the following questions. Proper citation of reference material is expected and required.
*Plagiarism is grounds for academic penalties, up to and including course failure and expulsion.*
1. In the article, “Pricing custom products without a standard cost system,” Jean Cunningham discusses the issues of pricing a custom product. What are the two methods she discusses and which method would you choose as an entrepreneur and why?
2. According to Krell’s article, “The state of small business,” outsourcing is now more possible and feasible for small businesses. Discuss outsourcing for the small business; include the challenges and solutions as discussed by Krell.
3. Kathryn Watson, Sandra Hogarth-Scott, and Nicholas Wilson describe why some commonalities among entrepreneurs in their article, “Small business start-ups: success factors and support implications.” Identify these and determine how each affect the entrepreneur becoming successful.
4. Using the six inventory drivers as described by Dennis Lord in his article, “Inventory: The necessary evil?”, outline each of these drivers describing what each is and what the small business owner should do to ensure proper inventory.
