Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Question
Chapter 6, Problem 3CT
Summary Introduction
To think critically about: the kind of business to start at small-scale keeping in mind the competition, the way it can become attractive and the time need to be devoted for making the business successful.
Introduction:
A business that is self-reliantly owned and operated and is not leading in its field of operation, meets few standards of size in terms of annual receipts or employees is termed as small business.
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Students have asked these similar questions
How to Start a Business?
Why do people choose to be entrepreneurs ?
A. The challenge, they hate working for other people, they see no other choice.
B. They want to be their own boss, they don't want to pay taxes to the Government and they like the flexibility of working for themselves.
C. The challenge, profit potential, personal satisfaction, and conventional paths to success are blocked.
D. None of the above.
How can your friends and social life, the things you do in your free time influence you to start a business?
Chapter 6 Solutions
Understanding Business
Ch. 6.1 - Prob. 6.1AQCh. 6.1 - Prob. 6.1BQCh. 6.1 - Prob. 6.1CQCh. 6.1 - Prob. 6.1DQCh. 6.1 - Prob. 6.1EQCh. 6.1 - Prob. 1TPCh. 6.1 - Prob. 2TPCh. 6.1 - Prob. 3TPCh. 6.1 - Prob. 4TPCh. 6.2 - Prob. 6.2AQ
Ch. 6.3 - Prob. 1MEDCh. 6.4 - Prob. 6.4AQCh. 6.4 - Prob. 6.4BQCh. 6.4 - Prob. 5TPCh. 6.5 - Prob. 6TPCh. 6.5 - Prob. 7TPCh. 6 - Prob. 1CTCh. 6 - Prob. 2CTCh. 6 - Prob. 3CTCh. 6 - Prob. 1DWSCh. 6 - Prob. 2DWSCh. 6 - Prob. 3DWSCh. 6 - Prob. 4DWSCh. 6 - Prob. 5DWSCh. 6 - Prob. 1TITCh. 6 - Prob. 2TITCh. 6 - Prob. 1VCCh. 6 - Prob. 2VCCh. 6 - Prob. 3VC
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Similar questions
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- 1. Does someone need to start a business from scratch to be called an entrepreneur? 2. Can we call someone an entrepreneur if they bought an ongoing business from someone else or took over the operations of a family business from their parents? 3. If someone starts a small business and never needs to hire employees, can they be called an entrepreneur?arrow_forward3. Why doesn’t being smart easily translate into being rich? 4. How do entrepreneurial dimensions of individuals, environments, and organizations interact to produce new ventures?arrow_forwardwhat comes into your mind when you hear the word entrepreneur? business?arrow_forward
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