Entrepreneurship & Small Business

Front

One which is independently owned and operated without being dominant in it's field.

Back

small business

Front

There are approx. how many small businesses in this country?

Back

27.5 million

Front

What percent of businesses last at least 5 years?

Back

50%

Front

Which of the following is not a common industry for small businesses to start? distribution, service, production, manufacturing

Back

manufacturing

Front

Small businesses are typically owned and operated by the ones who started them.

Back

True

Front

The desire and willingness to take the risk to start, operate, and run a business.

Back

entrepreneurship

Front

What reason is not a main reason businesses fail?

Back

not working enough hours

Front

Which is the biggest advantage of running a small business? Options: personal relationship with customers/employees, ability to adapt to change, simplified record keeping, independence

Back

personal relationship with customers/employees, ability to adapt to change, simplified record keeping, independence

Front

a carefully constructed guide for a person starting their business.

Back

business plan

Front

Which is not a purpose of the business plan: communication, management, marketing, planning?

Back

marketing