Bundle: Foundations of Business, Loose-Leaf Version, 5th + MindTap Introduction to Business, 1 term (6 months) Printed Access Card
5th Edition
ISBN: 9781337494809
Author: William M. Pride, Robert J. Hughes
Publisher: Cengage Learning
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Chapter 5.2F, Problem 2CC
Summary Introduction
To determine: The major causes of small-business failure and explaining whether these causes apply to larger business failure.
Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.
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Bundle: Foundations of Business, Loose-Leaf Version, 5th + MindTap Introduction to Business, 1 term (6 months) Printed Access Card
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- Select a small business in any place in the world that has failed. List the factors you think led to its failure. Compile a list of action the business owners might have taken to keep the company in business ?arrow_forwardGive an example of an entrepreneur(s) who reaped at least one benefit and drawback?arrow_forwardWhat is the optimal business model for rapid growth?arrow_forward
- Could writing a conventional business plan every cause more harm than good? Explain your answer?arrow_forwardDetermine the characteristics that entrepreneurs need in order for their businesses to be profitable. How can these qualities be fostered in the company's employees?arrow_forwardimagine you own a small coffee shop that is frequented by tourists who are traveling to your city/town from all over the world. Based upon your research, what would you, as a small business owner, be doing right now to deal with this changing business environment in order to mitigate the risk of lost sales in the coming weeks or months? short answer pleasearrow_forward
- What are the most common reasons for a small business to fail? Do these factors extend to larger corporations as well?arrow_forwardlook for an article of succes stories about a businessman or entrepreneur. what do you think are the reasons why they become succesful in their endeavor?arrow_forwardCan you name the six most common types of businesses? Is there evidence to back up your hypothesis? Does your job need a different option? Tell me more about your idea; I'm assuming it involves some kind of virtual flea market for used goods.arrow_forward
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