Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 5, Problem 2CC
Summary Introduction
To determine: The two areas of business generally attract the smallest businesses and the reasons these areas being attractive to small business.
Introduction: A small business administration is an autonomous organization of the United States government that secures the interests of independent or small business ventures and guarantees that they get a decent amount of government contracts.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
explain how the size of a business may affect a choice of career in the field of business
Illustrate the process of Catering to entrepreneurs?
Explain the concept of small business with examples
Chapter 5 Solutions
Foundations of Business - Standalone book (MindTap Course List)
Knowledge Booster
Similar questions
- Do you know of any small business such as sari-sari store or small shop in your community? Describe the nature of the business. What goods or services are offered by this business? What if this business does not exist, how would this affect your community?arrow_forwardExplain medium size business with appropriate examples.arrow_forwardThink about your own community (your hometown or High Point). Choose a type of business. Are similar types of businesses clustered together? Are there any outliers? What are the most popular spots and are they surrounded by similar businesses? Type your thoughtful response belowarrow_forward
- Compare the following with respect to Entrepreneur i. Businessman ii. Intrapreneurarrow_forwardIf you started a retail business, would you prefer to be in a community with no competition or a community with several other retail businesses just like yours? Why? Type your thoughtful response belowarrow_forwardWhy is starting a business to solve a problem or need important?arrow_forward
- Prepare a report on small business in the Philippines indicating the following, Number; Capitalization; General location; and Products or service soldarrow_forwardDefine the term "small business" and identify the industries that are dominated by small businesses.arrow_forwardwhat is the importance of identifying opportunities in the market before starting up a business? Why is there a need for the entrepreneur to clearly identify and define the customers of their proposed business venture?arrow_forward
- Select a known local entrepreneur in Grenada currently engaged in the production of a creative and innovative local product or service for a period of ONE to FIVE years. Explore the background of the local entrepreneur, providing details on the history, industry, source of the idea for the good/service produced, the nature of the entrepreneurial opportunity that he/she exploited and the resources used in developing the entrepreneurial opportunity. Critically assess the local entrepreneur’s entrepreneurial potential by identifying and discussing at least FOUR (4) key characteristics and skills that are most critical to his/her entrepreneurial success as discussed in the course. Provide relevant examples that will support the assessment (at least TWO). Discuss TWO (2) main categories of creativity techniques and their application to entrepreneurial opportunity identification and development as discussed in the course. You must incorporate at least TWO (2) examples for each main…arrow_forwardThe following are the fundamental questions to consider when starting a business EXCEPT: Do you have a viable concept? Is the reason you want to start a business consistent with your character and concept? Do you know how to run a business? Do you have what it takes? 3arrow_forwardIn determining the purpose of existence of a business, explain 4 steps that a business goes through to achieve a competitive advantage.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you