BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
11th Edition
ISBN: 9781337407120
Author: Marcella Kelly, Chuck Williams
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 7, Problem 1LO
Summary Introduction
To discuss: The basic reasons to set up a small business.
Expert Solution & Answer
Explanation of Solution
The rate of entrepreneurship plays a positive and a powerful role in the economy of Country U. The rate of new business creation in the year 2014 indicates the highest rise in the past two decades, however, the beginning activity is still below the historic rules. The basic reasons to establish a small business is as follows:
- To attain a huge financial success
- To be independent
- To be flexible
- To face the challenge
- To survive
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Journal Entry: Highland Corporation's trial
balance
shows debit total $240,000
exceeding credit total by $2,000. Record the
suspense account balance.
Don't use Ai
Want explanation of this from expert
Chapter 7 Solutions
BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
Knowledge Booster
Similar questions
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you