Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
Question
Book Icon
Chapter 6, Problem 5DCS
Summary Introduction

To discuss: The list of factors that might mean the difference between success and failure of a new company entering the business technology industry and whether small start-ups realistically complete with big and famous companies.

Introduction:

A business that is possessed and operated independently and in its field of operation is non-authoritative, where certain standards of size in terms of employees or annual receipts are met is termed as small business.

Blurred answer
Students have asked these similar questions
In your initial response, please respond to the following questions:     1.  Why do some businesses succeed while others fail?  List and explain three main reasons why businesses fail.   2.  Starting a new business from scratch can seem like a daunting proposition.  Accordingly, some entrepreneurs may choose to buy a business that is already established, or purchase a franchise from a business that already has name recognition.
1. What are four characteristics of high-growth companies? 2. How can both market and management factors affect the growth of a new venture? 3. What questions should you ask at each level of the new venture's growth?
1. Does someone need to start a business from scratch to be called an entrepreneur? 2. Can we call someone an entrepreneur if they bought an ongoing business from someone else or took over the operations of a family business from their parents? 3. If someone starts a small business and never needs to hire employees, can they be called an entrepreneur?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub