Business Essentials, 12/e

Building a Business: Continuing Team Exercise

Assignment

Meet with your team members to consider your new business venture and how it relates to the money and banking topics in this chapter. Develop specific responses to the following:

1. 16-11. How will your business venture be connected with banks and other financial institutions? In what ways, if any, are such institutions important to your business? Of these relationships, which will be most critical?

2. 16-12. Sales of the product(s) your business offers to customers will depend, in part, on their ability to pay for those products. In what ways, if any, will customers rely on financial institutions for such purchases? Will your company assist customers in connecting with financial institutions ...