Entrepreneurship

Small business is important because it provides employment for a lot of employees.

Most of the significant technological advances come from the research & efforts of large firms.

In the United States, the majority of new jobs are created by large businesses.

A company must have fewer than 10 direct competitors to fit the definition of a small business.

The preparation of a business plan is developing a business on paper before investing money.  

A niche segment of a market offers a new opportunity because it's not currently being satisfied

With economy of scale, the cost of producing decreases as the number of units increases

Entrepreneurs find a niche for their product or service to ensure sufficient demand.

Small businesses in the wholesale sector seem to perform more poorly than large businesses.

A small business has a great deal of control over its environment.