WorksheetsSmall Business & Entrepreneurship
Total questions: 12
Worksheet time: 6mins
What is a important item for a small business that acts like a blueprint for the company's success.
A strong business plan
A large number of employees
High product prices
Little to no marketing
Why is customer service important for small businesses?
It helps reduce production costs
To retain repeat business
It decreases employee needs
It eliminates the need for marketing
How can small businesses market their products effectively?
By ignoring social media
By using low-cost or free marketing outlets
By increasing product prices
By reducing customer service
What is the result of having satisfied employees in a small business?
They decrease production costs
They put forth the effort to help the company grow
They reduce the need for marketing
They increase customer complaints
When consumers shop at local small businesses, they are essentially giving money back to their _______.
high-paying jobs
local community
luxury products
competition
As of 2018, how many small businesses were there in the U.S.?
10 million
20.2 million
30.2 million
40.2 million
What can a thriving small business improve throughout a community?
Traffic congestion
Property values
Pollution levels
Crime rates
Adapting to Changing Climates:
Small businesses are often very ______ and understand the needs of the community.
low maintenence
low cost
technology friendly
customer-oriented
Growing a Small Business to a Corporation:
Small businesses that grow into large businesses often remain in the community in which the business was first established.
True
False
Performing above and beyond the customer's expectations is a critical part of small business success.
True
False
An individual who: invents and distributes a good or service; assumes the risks of starting a business; and receives financial rewards.
Small business
Executive
Entrepreneur
Manager
A business that employs 500 or fewer people.
Small business
Corporation
Entrepreneurship
Factory
