1) Give two reasons why SMES need support from the government.2) Give two examples of Micro Policy used by the Oman government to support and promote thedevelopment of entrepreneurial activities.3) Amal is planning to open a business in fast food market. Guide her about at least two characteristics of agood business idea she has to consider.4) Give an example to explain one skill required to discover entrepreneurial opportunities.5) What is the difference between radical innovation and incremental innovation

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1) Give two reasons why SMES need support from the government.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1) Give two reasons why SMES need support from the government.
2) Give two examples of Micro Policy used by the Oman government to support and promote the
development of entrepreneurial activities.
3) Amal is planning to open a business in fast food market. Guide her about at least two characteristics of a
good business idea she has to consider.
4) Give an example to explain one skill required to discover entrepreneurial opportunities.
5) What is the difference between radical innovation and incremental innovation

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