Exam 5: Small Business, entrepreneurship, and Franchising

Small retailers who specialize in ethnic products and small service providers who have bi- or multilingual employees will be able to tap the business potential of which of the following demographic segments?

Small business success

The ability to develop a reputation for quality and service is an advantage of a small business.

What are intrapreneurs and what role do they play in corporations?

What is one thing Jack and Bruce know that a good startup company does not need?

Individuals who "champion" the development of innovations of any kind within larger organizations are called

A number of very successful high technology businesses began as small entrepreneurial ventures.

Small businesses typically are not vulnerable to turbulence and change in the marketplace.

Small business principles cannot be transferred to larger organizations.

Since Eva Chang has decided to use her capital to purchase the rights to own and operate a McDonald's fast-food restaurant rather than start her own operation from scratch,she is probably a(n)

How important is small business to the U.S.economy?

What is undercapitalization,and why would it contribute to the failure of a small business?

Downsizing helps firms to become

Which of the following is not a source of equity financing?

In the context of starting a new business,a retailer differs from a manufacturer in that the retailer is less likely to make a heavy investment in

The shortest path to small-business failure is undercapitalization.

The lack of funds to operate a business normally is called

Millennials number around 75 million and represent a huge business opportunity in the US.Who are they?

What is a small business?

Why are minority-owned and women-owned small businesses growing so rapidly in the United States?