This preview shows page 1. Sign up to view the full content.
Unformatted text preview: the friendly service and help that you will receive at a small store and not at a large store. 12. The government is attempting to protect small businesses. If they do not regulate competition than large chains would be able to put every mom and pop store out of business. 15. The total profit approach is where management forecasts potential sales and costs during the life of the plan to estimate likely profitability. The return on investment approach is a way o analyze possible plans because equally profitable plans may require vastly different resources and offer different rates of return on investment....
View Full Document
- Spring '11