Chapter 3

1.  Competitive Advantage- Entrepreneurship Portfolio-Critical Thinking Exercise 3-1 through 3-6.  Complete items 1 through 6, which require you to create charts similar to the exhibits 3-4 and 3-6 in the text book for this assignment.

2.  Key Concept Questions: 

• 3-7: Gross profit is the profit of a business before which other costs are subtracted? 
• What is the average unit of sale for the following businesses? 
• 3-8: A restaurant that serves $2100 in meals to 115 customers per day.
• 3-9: A record store that sells $1500 worth of CDs to 75 customers per day. 

3.  Biz Builder Business Plan:

Complete business plan section 2.0, Mission, Vision and Culture: A, B C & D sections- for your specific business.   Be sure to write as a narrative than just simply answering the questions.  Remember your audience.