EBK BUSN
11th Edition
ISBN: 9781337671736
Author: Kelly
Publisher: YUZU
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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
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Chapter 7 Solutions
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