Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Chapter 5, Problem 2CC
Summary Introduction
To determine: The two areas of business generally attract the smallest businesses and the reasons these areas being attractive to small business.
Introduction: A small business administration is an autonomous organization of the United States government that secures the interests of independent or small business ventures and guarantees that they get a decent amount of government contracts.
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Chapter 5 Solutions
Foundations of Business - Standalone book (MindTap Course List)
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Similar questions
- Do you know of any small business such as sari-sari store or small shop in your community? Describe the nature of the business. What goods or services are offered by this business? What if this business does not exist, how would this affect your community?arrow_forwardExplain the concept of small business with examplesarrow_forwardExplain medium size business with appropriate examples.arrow_forward
- Think about your own community (your hometown or High Point). Choose a type of business. Are similar types of businesses clustered together? Are there any outliers? What are the most popular spots and are they surrounded by similar businesses? Type your thoughtful response belowarrow_forwardCompare the following with respect to Entrepreneur i. Businessman ii. Intrapreneurarrow_forwardIf you started a retail business, would you prefer to be in a community with no competition or a community with several other retail businesses just like yours? Why? Type your thoughtful response belowarrow_forward
- Why is starting a business to solve a problem or need important?arrow_forward2. Why are physical spots of businesses more attractive than the other types of business category?arrow_forwardPrepare a report on small business in the Philippines indicating the following, Number; Capitalization; General location; and Products or service soldarrow_forward
- Are these niches enough to ensure the Viability of your business?arrow_forwardDefine the term "small business" and identify the industries that are dominated by small businesses.arrow_forwardwhat is the importance of identifying opportunities in the market before starting up a business? Why is there a need for the entrepreneur to clearly identify and define the customers of their proposed business venture?arrow_forward
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