Entrepreneurship -- Chapter 1

Manufacturing businesses:

Small businesses contribute billions of dollars to the U.S. economy every year.

Although there have been many entrepreneurs since the 20th century, none existed before 1900.

Small companies can't take as many risks as large ones, thus are less likely to be innovative.

John D. Rockefeller was a nineteenth-century entrepreneur who:

In the U.S. today, small companies:

What famous entrepreneur started the world's leading brand of specialty coffee?

Anyone can be an entrepreneur. Colonel Sanders of KFC fame began his business at age 62.

Which type of businesses would a fisherman be a part of?

A travel agency is a retailing business because it sells airline and train tickets.

Entrepreneurs try to meet the needs of the marketplace by supplying a service or product.

Entrepreneurs & employees are both directly affected by the consequences of the decisions made.

Entre. constantly change American business & contribute to the overall good of the nation.

Manufacturing businesses produce the products they sell.

Which of the following is a retail business?