Show:
Small Biz
Funding
Starting a Business
Hodge Podge
This and That
100
What minority group owns most small businesses?
What is Hispanics.
100
Venture capitalists are an example of
What is equity financing
100
This is first needed when starting a business
What is an idea
100
Most significant strength of small businesses
What is innovation
100
This airline is known for making their large corporation small
Who is Southwest Airlines
200
Startup costs for a small business are typically __________ than a large corporation
What is smaller/less
200
Undercapitalization is
What is lack of funds to operate a business
200
50% of small businesses fail in the first
What is 5 years
200
Manufacturers unlike retailers need to invest in this when starting a business
What is equipment and distribution
200
This is a License to sell another’s products or to use another’s name in business, or both
What is franchising
300
These people acquire goods from producers or wholesalers and sell them to customers
Who are retailers
300
This is used by banks to determine whether to give you a loan
What is a business plan
300
This is a major deterrent when starting a business
What is risk (very high)
300
This is an advantage of small business ownership
What is lower cost, flexibility, focus on specific groups, ability to gain a solid reputation
300
This is an agreement in which financial institution promises to lend a business a predetermined sum on demand
What is a line of credit
400
This is what large corporations do to act "small"
What is downsize
400
Franchisees must do this for compensation to the franchisor
What is pay a monthly/annual fee based on sales
400
These are common causes of small business failure (4)
What is poor business concept, managerial inexperience, inability to cope with growth, undercapitalization
400
This is an example of entrepreneurship within a large corporation
What is intrapreneurship
400
This is trading your own products for the goods and services offered by other businesses
What is bartering
500
Recently ______________ have generated many new jobs in the U.S.
What are small businesses
500
These are the two types of financing when starting a business
What is equity and debt
500
These fields are most attractive to small businesses (4)
What are retailing and wholesaling, services, manufacturing, and high technology
500
A lack of funds can cause a business to
What is fail
500
This is when suppliers allow the business to take possession of the needed goods or services and pay for them at a later date or in installments
What is trade credit