Business Questions

Small enterprises hire 43 percent of all _____ employees

Which of the following types of small businesses makes up the largest sector of the U.S. economy?

Evelyn opened a small boutique catering to a very narrowly defined target market. Evelyn's competitive edge is

Wilma needed wine glasses, but all she had were candlestick holders and 8-ounce canning jars. Gluing the two together, she created what she called "mountain crystal" which became a big hit. The local crafters' association asked her to make enough for them to sell, and her business took off. This is an example of building a business from

Janis wants to open a restaurant. She is not interested in a franchise; she wants to build her business literally from the ground up. When she does, her business will be classified as a(n)

A family business constitution is sometimes labeled a

Which of the following has helped level the playing field for small firms competing with larger companies?

Bret first opened his hardware store in 1946. His sons took over when Bret retired, and now Bret's grandchildren run the store. This type of family business is known as a(n)

What is the best place to start your search for a solution to a challenging ethical problem?

Belinda signed a _____, which is a legal agreement between the franchisor and franchisee that spells out the relationship and obligations between the two parties.

Devon believes now is the time to launch his welding business because the only competitor has just announced his retirement. Devon is in which state of entrepreneurship?

Jill is writing a business plan for a small home-based operation. If well written, the business plan will assist her in determining if

A U.S. manager is upset with the company's overseas representative for paying a small "access fee" to a local customs official to ensure the expedited release of a customer order. The manager's belief such payments are wrong reflects a sense of

The daughter of the owner of a large business disliked her father's criticism and eventually decided to quit the family business and start her own business. The daughter is a

Although Abner started the business by making his own product, his greater talent is planning for the future and preparing the business for growth. Abner has a(n) _____ personality.

Garner places great emphasis on operating his business to the highest standards of honesty and ethics. Garner likely believes

Glenda, an employee of a corporation, caused a traffic accident while on company business. Which of the following will pay for the damages?

All of the following are examples of companies that engage in business format franchising EXCEPT

The marketing mix, also known as the 4 p's of marketing, refers to the 4 key elements of a marketing strategy

Which of the following is a challenge for a B2C e-commerce business