Chapter 5 - > > >...

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Unformatted text preview: > > > > > > > > Options for Organizing Small and Large Businesses Chapter 5 Distinguish between small and large businesses and identify common industries for small firms. Discuss the economic and social contributions of small business. Explain why small businesses fail. Describe how the Small Business Administration assists small-business owners. Explain franchising benefits for franchisors and franchisees. Summarize the forms of business ownership and the advantages and disadvantages of each form. Identify the levels of corporate management. Describe recent trends in mergers and acquisitions. Differentiate among private, public, and collective ownership. 1 2 3 4 5 6 7 8 9 L e a r n i n g G o a l s M o s t B u s i n e s s e s a r e S m a l l B u s i n e s s e s 90% of firms with employees have fewer than 20 people on staff. 98% have fewer than 100 employees. More than 20 million people in the United States earn business income without employees. Almost the sales in the United States are made by small business. Small businesses generate 60% - 80% of new jobs over the last decade. Launching pad for entrepreneurs and prevalence of minorities. W h a t i s S m a ll B u s in e s s ? The Small Business Administration defines a small business to be a firm that is independently owned and operated and is not dominant in the field....
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Chapter 5 - > > >...

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