Which of the following government agencies is responsible for encouraging the development of small business group of answer choices?

Which of the following government agencies is responsible for encouraging the development of small business quizlet?

the Small Business Administration.

Which of the following sources of investment is least likely type available to entrepreneurs group of answer choices?

Which of the following sources of investment is the least likely type available to entrepreneurs? Venture capitalists.

When seeking financial backing from a venture capitalist a small business owner should realize that the venture?

When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will expect an ownership stake in the company in exchange for financial backing. Small businesses often have advantages in international markets.

IT IS INTERESTING:  You asked: Why having an entrepreneurial mindset is important?

What are four ways the government can foster entrepreneurship?

The government can foster entrepreneurship by:

  • Allowing private ownership of business.
  • Passing laws that enable businesses to write enforceable contracts.
  • Establishing a currency that is tradable in world markets.
  • Minimizing corruption in business and in its own ranks.

What are the two key management functions that need attention when starting a business?

Two key management functions that need particular attention when starting a business are: a. planning and financing.

What qualities should a business owner have?

7 Personality Traits of Successful Business Owners

  • Ability to Collaborate. At the top of the list of traits that fuel successful entrepreneurship was the ability to collaborate. …
  • Being Self-Fulfilled. …
  • Future-Focused. …
  • Tech-Savvy. …
  • Action-Oriented. …
  • Curious. …
  • Desire to Delegate.

What are some of the factors that could be associated with small business success?

Factors Affecting Small Business Success

  • personal characteristics. Management experience, functional skills, and relevant business sector knowledge are ingredients in business leader’ that will influence the recipe for success. …
  • Network. …
  • Marketing Plan. …
  • knowing failure aspects. …
  • The market. …
  • Sales.

Which of the following best describes the difference between an intrapreneur and entrepreneur?

Which of the following best describes the difference between an intrapreneur and an entrepreneur? … Intrapreneurs work within existing corporations while entrepreneurs assume the risks of starting their own business.

Which of the following is an example of a business in the service industry?

Examples of pure service businesses include airlines, banks, computer service bureaus, law firms, plumbing repair companies, motion picture theaters, and management consulting firms.

IT IS INTERESTING:  Do I need a business bank account for a sole proprietorship Canada?

What are the advantages and disadvantages of using venture capital as startup funding for a business?

Consider the following pros and cons before seeking venture funding or angel investments:

  • Pro: The money is yours to keep. …
  • Con: Your investors own a stake in your company. …
  • Pro: Venture capital can help your company grow quickly. …
  • Con: Your company may not be ready to grow.

Why are small businesses important to a country’s economy?

Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established. Small businesses also help stimulate economic growth by providing employment opportunities to people who may not be employable by larger corporations.

What is the difference between a venture capitalist and an angel investor?

A venture capitalist is a person or firm that invests in small companies, generally using money pooled from investment companies, large corporations, and pension funds. … An angel investor is an accredited investor who uses their own money to invest in small businesses.