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Small Business
Industries
Marketing Concept
Employees
Start Up
100
This is a business that is independently owned, operated, and financed has fewer than 100 employees, and has relatively little impact on its industry.
What is a Small Business?
100
Construction, manufacturing, mining, retail trade, services, and wholesale trade are all these.
What are industries?
100
This is the business philosophy of discovering what consumers want and then providing the good or service.
What is the Marketing Concept?
100
This is the most valuable asset.
What are employees?
100
This is the lifeblood of any young business.
What is cash?
200
This is why it is important to classify businesses as big or small.
What is assistance?
200
This industry employs the largest number of people through small business.
What is the service industry?
200
This information allows you to make informed decisions about the profitability of offering a particular good or service.
What is market size?
200
This is a variety of races and genders.
What is diversity?
200
If you don't possess the expertise or experience, this is what you should consult.
What are self help books or experts?
300
This is what SBA stands for.
What is the Small Business Administration?
300
This is the lowering of costs through production of larger quantities.
What is economy of scale?
300
This is what you should do before making a decision.
What is gather all relevant information?
300
This is the practice of reducing a firms work force.
What is downsizing?
300
This is when a business closes with a financial loss.
What is business failure?
400
This is the efficient and effective use of resources.
What is business management?
400
Businesses that provide services rather than tangible goods.
What is the service sector?
400
This is what a close relationship with customers provide.
What is individualized service?
400
These are the valuable skills and knowledge that employees of a business possess.
What is intellectual capitol?
400
This occurs when a business no longer exists for any reason.
What is business termination?
500
The replacement of existing products, processes, ideas, and businesses with new and better ones.
What is creative destruction?
500
This is the facet of business that is better than the competition's.
What is a competitive advantage?
500
This is why you want to learn what customers have in common, their likes and dislikes.
What is to serve customers better and remain competitive?
500
This is what business failure due to insufficient capital suggests.
What is inexperienced management?
500
This is what you need to take advantage of the opportunity that exists; resources, a plan, and this.
What is a vision?