ENTREP QUIZ 1

It refers to activities of persons or establishments which sell to retailers and other merchants.

• Manufacturing

• Service Business

• Wholesaling

• Retailing

• General construction firms

It covers all activities involved in the sale of goods and/or services to the final consumers.

• Manufacturing

• Service Business

• Wholesaling

• Retailing

• General construction firms

Choose ALL importance of small business in economic growth.

• Create Job

• Drive economic growth

• Local Communities

• Local Economic Growth

• Innovation

It is a single person or a small group of people provide the capital for a small business.

• Limited Investment

• Personal Character/Owner-Management

• Labor-intensive

• Unorganized Labor

• Local region of Operations

These units' employees are not covered by unions and are left unprotected.

• Limited Investment

• Personal Character/Owner-Management

• Labor-intensive

• Unorganized Labor

• Local region of Operations

Choose ALL the ADVANTAGES of a small business.

• Flexibility

• Increased Risk

• Limited Growth Potential

• Personalized Service

• Limited Resources