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Unformatted text preview: vide familiar examples of the forms and components of
competition, small businesses make up the majority of the competitive landscape for
most businesses. Consider that there are approximately 23 million small businesses
in the United States, which employ half of all private sector employees. In addition,
small businesses generate 60 to 80 percent of all new jobs annually and 50 percent of 69 ker81063_ch03_058-077.indd Page 70 8/13/08 12:57:12 AM user
ker81063_ch03_058-077.indd Page 70 8/13/08 12:57:12 AM user /Volumes/203/MHBR060/ker10ch03
/Volumes/203/MHBR060/ker10ch03 the gross domestic product (GDP). Research has shown a strong correlation between
national economic growth and the level of new small business activity in the previous
years.25 learning review 4. What is the difference between a consumer’s disposable and discretionary
5. How does technology impact customer value?
6. In pure competition every company has a product. REGULATORY FORCES
LO6 regulation Restrictions state and federal
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This document was uploaded on 01/30/2014.
- Spring '14