BUYING AN EXISTING BUSINESS
One of the advantages of buying a business, as opposed to that of starting one, is
there is more room for creativity.
The possibility of buying a business at a bargain price is dependent,
BUSINESS GROWTH AND THE ENTREPRENEUR
Company growth is not always a simple, linear progression.
10.2 As a business grows, the entrepreneurs leadershipstyle and necessary skills must
The Smoot-Hawley Act of 1930 was passed in the hope of keeping foreign-made
products out of US markets.
Currently tariff rates are below the 4 percent level, which the World Trade Organization
Less than 20 percent of the businesses in the country are family owned.
Entrepreneurial couples should share the same goals and vision for the company.
Family issues do not affect busi
Home-based businesses were very common before the industrial revolution.
Home-based businesses are distributed evenly across the
The increase in home businesses has
TEST ITEM FILE
In 1955, General Electric was the countrys biggest company with nearly $10
billion in sales.
While entrepreneurship can be seen in places around the world, it is most robust
WOMEN-OWNED AND MINORITY-OWNED BUSINESSES
The number of women-owned businesses increased throughout the past few
There is no single reason for the dramatic increase in women-owned businesses.
Experts agree on the definition of entrepreneur.
The earliest reference to the term of entrepreneurship was in the early 1900s.
The earliest references to the term entrepreneurship were
The first important use of product franchising involved the Singer Corporation.
Because of the mark-up charges by the franchiser, the cost of materials and
supplies are always higher than what the franchi
STARTING A NEW BUSINESS
Innovation is a necessary part of entrepreneurship.
The history of the facsimile technology demonstrates that innovation alone does
not lead to commercial success.
The most commo
NEW PRODUCT DEVELOPMENT
New product development is a high-risk endeavor, since many new products and
Small companies are less bureaucratic and can react quickly to market changes.