Consider that there are approximately 23 million

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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 income? 5. How does technology impact customer value? 6. In pure competition every company has a product. REGULATORY FORCES LO6 regulation Restrictions state and federal laws pl...
View Full Document

This document was uploaded on 01/30/2014.

Ask a homework question - tutors are online