Chapter 6 example #75562

After retiring as a telecommunications executive, Chad joined SCORE. As a SCORE counselor Chad will:

Entrepreneurs applying for a bank loan should realize that bankers will:

One reason why many U.S. small businesses are not involved in exporting is:

Ming's three employees have been with her since she started Employment Recruiters, Inc., nearly 10 years ago. As she contemplates the staffing for her new branch office, she senses that none of these three are ready to manage the office. Faced with this difficult situation, she should:

Enterprise zones and investor visas are example of:

Which of the following statements is characteristics of entrepreneurs?

Jake is an innovative engineering graduate who works for a large company that makes adhesive products for commercial and consumer use. One of his primary responsibilities is to initiate and develop new products to complement the firm's current product line. Jake's company is ___________.

A business's size is measured:

Small businesses are important to the U.S. economy because:

Which of the following employment statistics about small businesses is true?

Entrepreneurs looking for a business that gives them the best opportunity to get rich should consider starting a business in:

Successful small business owners are:

A small business management course at a community college may offer entrepreneurs an opportunity to:

Erin developed a new type of exercise equipment she calls the Tush N' Tone. After unsuccessfully searching for potential investors, she arranged a personal loan and borrowed additional money from her parents. Her willingness to continue believing in her idea and remain enthusiastic shows that Erin is:

Which of the following suggestions would an experienced business owner offer to help someone who is thinking about starting a business venture?

A Small Business Investment Company (SBIC) is a(n):

Motivated by his desire to operate his own business, Nick considers purchasing an existing business. As he carefully weighs this option, he is likely to find that:

Greg benefited from his experience working for an established private company that provided innovative lighting for large music venues. Although confident that he could start his own lighting business, he had limited capital to buy the necessary equipment needed to successfully compete with established companies. Which of the following strategies would best help Greg achieve his goal of business ownership?

Successful entrepreneurial teams:

When comparing small businesses to their larger competitors, it is clear that:

Although successful entrepreneurs are more tolerant of uncertainty,

Small businesses:

Bing came to the U.S. on a swimming scholarship. After a few months of frustration with trying to find swim goggles like he used in his native country, he started a web site that offered specialty goggles for swimming, skiing, and snowboarding. Before launching the web site and filling orders, Bing spent a few months going to swim meets and gathering preferences about goggles from other swimmers. Bing's actions:

According to SBA guidelines, a manufacturing firm with 1,000 employees:

Which of the following government agencies is responsible for encouraging the development of small business?

Using the analogy of boulders vs. sand for filling a hole, the textbook points out that:

One reason why many U.S. small businesses are not involved in exporting is:

Entrepreneurs learn that there are many legal and financial issues involved in starting their business. The best way for the small business owner to resolve these issues and protect the firm's resources is:

Similar to how large businesses proceed, small businesses make marketing decisions _____________.

A good business plan will:

Samantha recently applied for a microloan from the SBA. Although several criteria are important, the Small Business Administration's decision to grant or deny the loan will largely depend upon

A __________ is a written document that details the business idea, the target market and the business's competitive advantage, financial resources available for the business, and the qualification of the management.

Due to the credit crunch during the recession of 2008, many small businesses found that _____________ were more willing to lend money to smaller operations.

A new business that sets up a(n)_______ from the start is saving itself time and grief later

Which of the following best describes the outlook for small businesses in international markets?

Employees of small businesses often have greater job satisfaction than do employees of larger firms. One reason for this difference in job satisfaction is that employees of small businesses often:

Ben got a phone call from one of his regular customers asking if he had time to repair a couple of broken sprinkler heads on the customer's underground sprinkling system. Although it was already 6:00 p.m. and Ben had put in a full day of work, he turned his car around and headed for the customer's house. As a small business owner, Ben demonstrates:

Southwest College received a government grant to establish a business incubator. This facility will offer:

After several years of working as a regional manager for a nationally known nonprofit, Janelle landed a management position with an innovative small business. If she accepts the job offer, she is likely to find that:

One way to get into business is to buy an existing company. The value of the business used to determine a fair purchase price is based on:

The business plan will include ____________.

Which of the following is a characteristic of successful entrepreneurs?

The U.S. Government's immigration Act of 1990:

Enterprise zones are specific geographic areas that:

A review of small business successes and failures indicates that the:

Conversation with people who start their own business often reveal that: