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Small businesses have a positive effect on the local community because they:

What is vital to entrepreneurship?

Entrepreneurship I

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Answers

1
What is vital to entrepreneurship?
Command economic system
Market economic system
Traditional economic system
mixed economic system
2
Small businesses have a positive effect on the local community because they:
reduce competition
limit job growth
pay taxes
charge interest
3
Small businesses contribute to society in the all of the following ways except for?
small businesses contributes to employment
Forcing other business to close
turn demand into supply
Pays taxes to government
4
There are 4 basic questions to an free enterprise system? Which one does not fit?
How should goods and services be produced?
What goods and services should be produced?
Where should goods and services be produced?
What quantity of goods and services should be produced?
5
What is unusually high in an entrepreneurial venture?
number of employees
Risk
Taxes
Funding
6
Which is not a part of the entrepreneurial process?
Taking a small risk
recognizing an opportunity
Testing it out in the market
Gathering necessary resources
7
Which of the following is considered a small business?
Wal-Mart
Food Lion
Nike
Raleigh Crossfit
8
Define a small business?
A business that is fairly new with a high risk of failure.
A business that is operated by one or a few individuals.
A business that is operated by a board or many individuals.