WorksheetsSmall business
Total questions: 10
Worksheet time: 5mins
This is a type of business that is owned & operated by 1 person.
sole proprietorship
partnership
Corporation
franchise
A form of business ownership where 2 or more people share the assets, liabilities and profits.
partnership
sole proprietorship
corporation
franchise
A type of business that sells products directly to consumers.
retail business
e-commerce business
service business
e-marketing business
Work that is done for others is what type of business organization?
service business
business plan
retail business
blue print
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
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
You will likely pay more for a product or service from a small company than from a large one.
true
false
A _____ business should locate in an area with access to raw materials and transportation systems
Retail
Manufacturing
service
wholesale
A(n) ____ is an invention or creation that is brand new.
Development
Improvement
Innovation
Advancement
Before a business owner completes the business plan, he or she should ask business experts to review the plan.
True
False
