This is a type of business that is owned & operated by 1 person.
Small business

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Business
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University
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Medium
Shie Espino
Used 152+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
sole proprietorship
partnership
Corporation
franchise
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form of business ownership where 2 or more people share the assets, liabilities and profits.
partnership
sole proprietorship
corporation
franchise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of business that sells products directly to consumers.
retail business
e-commerce business
service business
e-marketing business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Work that is done for others is what type of business organization?
service business
business plan
retail business
blue print
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Many small businesses have an advantage over larger businesses because they are better able to _____
Provide unique services to customers
Market their products
Raise large amounts of financial capital
Mass produce products
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a common reason for the failure of small businesses?
A lack of sufficient start-up money
Shortage of skilled workers
lack of management experience
failure to manage credit offered to customers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You will likely pay more for a product or service from a small company than from a large one.
true
false
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