business 100 chapter 5 part 1

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Author:
Anonymous
ID:
136769
Filename:
business 100 chapter 5 part 1
Updated:
2012-02-21 14:41:47
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business 100 chapter part
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business 100 chapter 5 part 1
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  1. small business
    one that is independately owned and operated for product and is ot dominate in its field
  2. industries that affect small businesses
    distribution industries, service industries, production industries
  3. entrepenural spirit
    the desire to create a new business
  4. contributiuons of small business to the american economy
    providing employment, providing technical inovation, providing competitionfilling needs of society and other businesses
  5. advantages of small business
    personal relationships with customers and employees, ability to adatpt to change, simplified rcord keeping, independance
  6. disadvantages of small business
    risk of failure, limited potential, limited ability to raise capital
  7. business plan
    a carefully constructed guide for the person starting a business

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