Glendale Community College » Business Administration » Busad 158 - Run Your Own Business » Spring 2023

Question #1

Most wholesale businesses are small.

A. False

B. True

Question #2

About how many service innovations are from very small businesses?

A. more than half

B. very few

C. about half

D. less than half

Question #3

When you ______, you determine whether there are enough customers for the product or service you want to provide.

A. invest in intellectual capital

B. define your market and market size

C. engage in management innovation

D. gather sufficient start-up capital

Question #4

Ensuring that a business has a ______ is one of the most important factors for beginning a successful business.

A. small, niche market

B. large range of unique products

C. location with high foot-traffic

D. sufficient amount of start-up cash

Question #5

Match the description with the corresponding term. edge over others

A. innovation

B. competitive advantage

C. flexibility

Question #6

Match the description with the corresponding term. ability to change directions

A. flexibility

B. innovation

C. competitive advantage

Question #7

Match the description with the corresponding term. Creativity

A. innovation

B. flexibility

C. competitive advantage