A market consists of potential buyers of a good or service. However, for a market to exist

A(n) ________ is a group of experienced professionals from different areas of business who join together to develop, make, and market a new product.

Which of the following statements is characteristic of entrepreneurs?

Small businesses

The business plan will include ________.

Austin, Aiden, and Zara wanted to open A2Z Sports Bar that serves a unique offering of beer, weekend entertainment, and a limited menu of appetizers. In one of the preliminary meetings, Zara presented a list of reasons that small businesses fail. Although many of the ideas on this list were applicable to many types of business, one challenge pertained specifically to the restaurant and bar business. The challenge he referred to was

A review of small business successes and failures indicates that the

Increased participation in small business exporting owes credit to ________.

Although successful entrepreneurs are more tolerant of uncertainty,

Mini-Case Pepe Pieman believes that pizza is a much more versatile meal than most people realize. As the national marketing manager for Pizza Pals, he has watched how consumers ate up barbecue pizza, Hawaiian pizza, Mexican pizza, and other new and unique combinations. His superiors, however, met his suggestions for other unusual pizzas with a negative response. Even some of his teammates laughed at his ideas. Pepe's confidence in his ability to understand the market has led him to focus on planning a business of his own. Pepe realizes that he will take a risk when he leaves his job with Pizza Pals and sets off on a new endeavor: Pepe's Pizzazzeria. Pepe is excited about the potential of profitably catering to the unmet desires of pizza consumers. Pepe is confident that Pepe's Pizzazzeria will be a success, but only if he has enough money to do things right. Since Pepe has very little personal wealth, he knows he must find financial assistance. In order prepare for meetings with bankers and potential investors, Pepe should

In order to improve his chances of small business success, DeMarcus worked hard to prepare his business plan. Most often, a positive outcome of this exercise is

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

Enterprise zones are

A Small Business Investment Company (SBIC) is a(n)

One of the challenges of running a home-based business is

Caleb inherited a successful dry cleaning business from his parents. Just as his parents did, he offered high-quality service to all the customers he served. As the surrounding towns grew, several customers recommended that Caleb expand the business to offer service in new locations. He chose to maintain only one operation, so as not to lose control and to keep his work life and home life balanced. Caleb is a good example of a(n) ________.

Tucker is an intrapreneur for a multinational wearable electronics company. Which statement best describes Tucker's duty?

A ________ refers to people with unsatisfied wants and needs who are willing and able to buy a product or service.

Small business owners often struggle in attracting qualified workers. Which of the following contributes to this problem?

After personal savings, the next largest source of capital for entrepreneurs is from