Bus. Foundations - Entrepreneurs & Bus. Plan Review

A small business is defined as a business with less than __ employees.

• 25

• 50

• 250

• 500

Ability to offer more personalized services.

• Advantage Small Business

• Advantage Big Business

Able to meet unique customer needs.

• Advantage Small Business

• Advantage Big Business

Ability to sell a large number of standard products and services

• Advantage Small Business

• Advantage Big Business

Able to make changes to the business / products / services more easily

• Advantage Small Business

• Advantage big business

Able to take advantage of buying large quantities of products at low prices, and pass the saving along to the consumer.

• Advantage Small Business

• Advantage Big Business

Able to be more creative

• Advantage Big Business

• Advantage Small Business

Small businesses are the backbone of the US economy.

• True

• False

Which of the following is not a trait typically found in small business owner?

• risk taker

• independent

• lack direction

• persistent / determined

An individual that takes the risk of owning and operating a business

• manager

• president

• director

• entrepreneur