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bably a factor of funding routes available.QUESTION 3 CONTINUED(a) Characteristics of the typical entrepreneur. Write YES or NO in answer to each statement.1 Average age 442 Relatively inexperienced3 Predominantly male4 With at least 10 years in business5 Education equals business success6 Set up with partner(s)7 Hitech panies most successful8 The product is the key to success9 25% of panies over 95 years old10 Few entrepreneurs left big panies to set up11 Most export to other EU countries12 Majority launched existing products into new markets13 One third launched new products into new markets14 Price determines success15 Only the British are entrepreneurs(b) Dynamicallygrowing panies created after 1989.QUESTION 4Situation: Your pany is moving offices and wishes to announce the details of the move in the newspapers.Task: Convert the following notes into a Press Release rewriting them in an appropriate order and a formal style.Logimax plc – 150 personnel – moving – April 22 – to Northfield House (3,390 sq m) office – flagship building – Middlemarch Business Park, Coventry – near airport/motorway/rail connections.Founder (now Chief Exec) says Northfield best – quality/innovative image/clients better served. Really nice site – room to grow – well equipped – before on 2 sites – cost effective.2 sites – in London amp。 Warwick Science park. Doing well – got more staff – every yr (started 1989) increased revenues – turnover last yr 163。9 million+.Going into new areas: financial services amp。 retailing distribution. Now leader in software for Internet. Prominent corporate names = our customers. Got loads of awards for innovation.Write the Press Release. 13 / 13