business chapter 6 (true and false)
what % of new businesses run their own businesses with no help
40%
the small business administration considers a business small if it employees fewer than ___ employees
500
everyone who manage or owns a business is an entrepreneur
true
as an entreprenuer having skills and abilities and coming up with innovative ideas is not necessary or important
false
the primary reason that businesses started by entrepreneurs close is disagreements with business partners
false
according to the national federation of independent businesses; only about ___ of new business start-ups are profitable.
1/3
a competitive advantage that small businesses have over larger businesses is
attention to unique customer needs
which of the following is not one of the reasons small businesses fail
d) not enough employees to do the work
apples personal computer developed by Steve Job and Steve Wozniak is a(n)
innovation
when fred smith envisioned an economical worldwide system for quickly and efficiently shipping pages, we would call this an
innovation
when arthur fry and spencer silver created post-it notes theyc
invented
according to the national federation of independent businesses; well over 50% of all new businesses are discontinued after the first year
true
entrepreneurship is a key part of the US economy
true
having a real desire to be your own boss is a key factor to becommg an entrepreneur
true
small businesses account for creating between 60-80% of all new jobs and employ nearly 50% of all US workers.
true