Chp. 4 Local and Global Opportunities

Program administered by the SBA that provides small business guidance

• chamber of commerce

• enterprise zone

• Service Corps of Retired Executives

• small business development center

Geographic area in which businesses receive favorable tax credits, financing, or other incentives.

• chamber of commerce

• enterprise zone

• Small Business Administration

• Service Corps of Retired Executives

Association of business people that promote the commercial interests of a community.

• chamber of commerce

• Better Business Bureau

• Small Business Administration

• Service Corps of Retired Executives

Governmental agency dedicated to helping small businesses succeed.

• Better Business Bureau

• Small Business Administration

• Service Corps of Retired Executives

Nonprofit organization that provided services to both businesses and consumers.

• Better Business Bureau

• Small Business Administration

• Service Corps of Retired Executives

• small business development center

Which of the following is not a challenge of doing business globally?

• Communication

• Cultural differences

• Logistics

• Increased opportunities

Which of the following is a benefit of owning an exporting business?

• Tax incentives

• Minimal regulations

• Small start-up costs

• Immediate results

Companies that assist US businesses with finding global buyers are known as __.

• shipping industries

• foreign embassies

• export management companies

• domestic businesses

Businesses, people, and activities involved in turning raw material into products and delivering them to end users make up a(n)

• economy

• industry

• supply chain

• import company

Two companies in two different countries working together for a specific business purpose is an example of a(n)

• joint venture

• network

• export company

• supply chain