organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society’s needs
What is a Business
The total dollar value of all goods and services produced by all people within the boundaries of a country
What is Gross Domestic Product
The primary reason for small business failures these failures
What is mismanagement resulting from a lack of business know-how and lack of capital
According to the SBA during 1994 and 2018, the number of small businesses that survived two-years.
What is two thirds
For a business to be organized, it must combine four kinds of resources
What is material, human, financial, and informational.
Name three factors that affect the level of ethical behavior
What is individual, opportunity, moral, social
Study of how wealth is created and distributed.
What is economics
Employees informing the press or government officials about unethical practices within one’s organization.
What is Whistle Blowing.
Franchise holders typically pay a one-time ________ plus continuing royalty and advertising fees collected as a percentage of sales.
What is Franchise Fee