entrepreneurship test 4

it is difficult for small businesses to compete with large retailers because

all are correct

group of people who meet several times a year to make important decisions affecting a company

board of directors

a person who sells businesses for a living

business broker

a business with the legal rights of a person

corporation

which of the following is not a step involved when preparing a competitive analysis

create a customer profile

business that makes most of its money selling the same similar products/services to the same market as other business

direct competiton

distributions of profits to shareholders by corporations

dividends

all are disadvantages if family businesses except for

enjoy working with family members

businesses do not need to identify their target market in order to suceed

false

the amount owned to others

liability

Which of the following is a strategy for maintaining customer loyalty

offering superior service

a business owned by two or more people

partnership

weekly or monthly payment made by the owner of a franchise to the seller of a franchise

royalty fee

a unit of ownership in a corporation

share of stock

a business owned exclusively by one person

sole proprietorship

this act was passed to allow employees to join unions

wagner act

this is document employers forced employees to sign promising not to join a union

yellow dog contract