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. less than half

B. more than half

C. about half

D. very few

Question #3

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

A. define your market and market size

B. engage in management innovation

C. gather sufficient start-up capital

D. invest in intellectual 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. sufficient amount of start-up cash

C. location with high foot-traffic

D. large range of unique products

Question #5

Match the description with the corresponding term. edge over others

A. flexibility

B. competitive advantage

C. innovation

Question #6

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

A. flexibility

B. competitive advantage

C. innovation

Question #7

Match the description with the corresponding term. Creativity

A. innovation

B. flexibility

C. competitive advantage