Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Which of the following best describes one of the contributions of small businesses? a. They are sources of new ideas or services that larger businesses may be unable to provide. b. They provide large capital gains to the owners. c. Their products and services are sold at prices that are lower than large businesses' prices. d. They provide economies of scale that large businesses cannot match.

Which of the following best describes one of the contributions of small businesses? a. They are sources of new ideas or services that larger businesses may be unable to provide. b. They provide large capital gains to the owners. c. Their products and services are sold at prices that are lower than large businesses' prices. d. They provide economies of scale that large businesses cannot match.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
icon
Concept explainers
Question
I need the answers to these questions for the Entrepreneurship and Innovation course
3:06 SO י יו 1פ Revision Assignment - Read-only Rea... 2. Which of the following best describes one of the contributions of small businesses? a. They are sources of new ideas or services that larger businesses may be unable to provide. b. They provide large capital gains to the owners. c. Their products and services are sold at prices that are lower than large businesses' prices. d. They provide economies of scale that large businesses cannot match. 3. Most creative entrepreneurs are very good managers. a. True b. False 4. An entrepreneurial venture is characterized by: a. innovative strategic practices and/or products. b. independent ownership and operation and no desire for dominance in its field. c. no scope of growing large, and the owners may not want it to. d. normal sales, profits, and growth as opposed to rapid growth and a quick sellout. 5. Which of the following does a business incubator do to help small business owners succeed? a. Find out the competition and make deals for cooperation b. Provide management assistance and shared office services c. Hire employees and train them d. Keep their financial records up to date is a voluntary decision to terminate a business. a. Foreclosure b. Formal Failure c. Discontinuance d. Bankruptcy 6. 7. A new small business owner's primary motive is usually a. independence, that is, freedom from interference or control by superiors b. the need to obtain a second income for balancing the losses of other ventures c. the need to provide a niche product d. to seek security, place, power, prestige, high income, and benefits |Page7 7 of 10 2307 Words 8. John opened All-for-Shop, a small retail outlet, in his neighborhood. Ha could nat auntin it far mara han a vaar hacuee af hun lannn. >
Transcribed Image Text:3:06 SO י יו 1פ Revision Assignment - Read-only Rea... 2. Which of the following best describes one of the contributions of small businesses? a. They are sources of new ideas or services that larger businesses may be unable to provide. b. They provide large capital gains to the owners. c. Their products and services are sold at prices that are lower than large businesses' prices. d. They provide economies of scale that large businesses cannot match. 3. Most creative entrepreneurs are very good managers. a. True b. False 4. An entrepreneurial venture is characterized by: a. innovative strategic practices and/or products. b. independent ownership and operation and no desire for dominance in its field. c. no scope of growing large, and the owners may not want it to. d. normal sales, profits, and growth as opposed to rapid growth and a quick sellout. 5. Which of the following does a business incubator do to help small business owners succeed? a. Find out the competition and make deals for cooperation b. Provide management assistance and shared office services c. Hire employees and train them d. Keep their financial records up to date is a voluntary decision to terminate a business. a. Foreclosure b. Formal Failure c. Discontinuance d. Bankruptcy 6. 7. A new small business owner's primary motive is usually a. independence, that is, freedom from interference or control by superiors b. the need to obtain a second income for balancing the losses of other ventures c. the need to provide a niche product d. to seek security, place, power, prestige, high income, and benefits |Page7 7 of 10 2307 Words 8. John opened All-for-Shop, a small retail outlet, in his neighborhood. Ha could nat auntin it far mara han a vaar hacuee af hun lannn. >
3:06 O "" 7 ull ul 50 SO Rea... c. the need to provide a niche product d. to seek security, place, power, prestige, high income, and benefits |Page7 8. John opened All-for-Shop, a small retail outlet, in his neighborhood. He could not sustain it for more than a year because of huge losses and chose to shut it down. Fortunately, he did not have any creditors. Which of the following does the situation describe? a. Formal Failure b. Foreclosure c. Bankruptcy d. Personal Failure 9. Reengineering is the fundamental redesign of a business, often resulting in reduction in size and markets. a. True b. False 10. is any business that is independently owned and A. operated and is not dominant in its field of operation. a. monopolistic organization b. public enterprise c. close corporation d. small business .1ו Which of the following is true about the final stage of the typical growth pattern that small businesses tend to follow? a. Owners manage the business and do all the work. b. Owners manage their companies but hire employees to help with routine and/or management activities. c. Owners hire managers to run the firms. d. Owners outsource much of the supervisory work. classified as small? 12. a. Management is independent, and the area of operation is primarily local. b. It is dominant in its field of operation, and it employs 100 - 200 people. c. Ownership is held by a large group of people, and the market is primarily local. d. Capital is provided by a federal institution, and the objectives are non-profitability and Which of the following features must a business have to be service to the government. 13. Which of the following is a problem faced by small businesses today? |Page8 8 of 10 2307 Words a. Lack of advertising h Iack of rielk trakare
Transcribed Image Text:3:06 O "" 7 ull ul 50 SO Rea... c. the need to provide a niche product d. to seek security, place, power, prestige, high income, and benefits |Page7 8. John opened All-for-Shop, a small retail outlet, in his neighborhood. He could not sustain it for more than a year because of huge losses and chose to shut it down. Fortunately, he did not have any creditors. Which of the following does the situation describe? a. Formal Failure b. Foreclosure c. Bankruptcy d. Personal Failure 9. Reengineering is the fundamental redesign of a business, often resulting in reduction in size and markets. a. True b. False 10. is any business that is independently owned and A. operated and is not dominant in its field of operation. a. monopolistic organization b. public enterprise c. close corporation d. small business .1ו Which of the following is true about the final stage of the typical growth pattern that small businesses tend to follow? a. Owners manage the business and do all the work. b. Owners manage their companies but hire employees to help with routine and/or management activities. c. Owners hire managers to run the firms. d. Owners outsource much of the supervisory work. classified as small? 12. a. Management is independent, and the area of operation is primarily local. b. It is dominant in its field of operation, and it employs 100 - 200 people. c. Ownership is held by a large group of people, and the market is primarily local. d. Capital is provided by a federal institution, and the objectives are non-profitability and Which of the following features must a business have to be service to the government. 13. Which of the following is a problem faced by small businesses today? |Page8 8 of 10 2307 Words a. Lack of advertising h Iack of rielk trakare
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Venture development process
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS