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Small Business Disadvantages Flashcards | StudBud

Explore/Small Business Disadvantages

Small Business Disadvantages

6 terms·StudBud Administration·100 plays

Take this quiz to test your knowledge of the disadvantages of small businesses.

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Questions 6

Answers

1
Why do small businesses tend to have less talented employees?
They do not care about talented employees.
They can’t afford to pay high level employees as much.
Neither choice is correct.
Both choices are correct.
2
Which is not a disadvantage of a small business?
Hard to keep adequate records.
Bad customer relationships.
Lack of management experience.
Not having enough start-up money.
3
True or false. Small businesses have less advertising money than large businesses.
True.
False.
4
Why do small businesses typically have higher prices?
Brand is very good quality.
Can not afford to compete.
With high prices they would have higher expectations.
With high prices they would have higher expectations.
5
Why do small businesses tend to have less sales than larger ones?
Both
They are not well know like large businesses.
Customers do not like their services.
6
What is true of small businesses?
More than 500 employees.
Strong brand recognition.
Can easily raise capital.
Less efficient than large businesses.