BUS101 Economics terms (busi,econ) 88

BUS101 Economics terms (busi,econ) 88 - Term(p 167 Small...

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B. financial institution specializing in business loans. C. college or university financial aid office. D. the Internet web Page: of the Venture Capitalists Association. Definition A. SmallBusinessDevelopmentCenter. Term (p. 166) A ________ refers to people with unsatisfied wants and needs who are willing and able to buy a product or service. A. market B. consumer cooperative C. consumer collective D. buyer's cooperative Definition A. market Term (p. 167) To be considered part of a market, an individual must: A. be a registered buyer. B. have made a purchase within the past 30 days. C. know the names and addresses of two or more sellers. D. have both a willingness to buy and the financial resources needed to buy. Definition D. have both a willingness to buy and the financial resources needed to buy.
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Unformatted text preview: Term (p. 167) Small business owners often struggle in attracting qualified workers. Which of the following contributes to this problem? A. Bosses in small firms tend to be disrespectful to the workers B. Owners will not often listen to ideas suggested by the workers C. Employee relations are especially poor in small firms D. Many jobs in small firms have low pay and few benefits Definition D. Many jobs in small firms have low pay and few benefits Term (p. 167) Employees of small businesses often have greater job satisfaction than do employees of larger firms. One reason for this difference in job satisfaction is that employees of small businesses often: A. earn higher wages. B. receive more vacation time....
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