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. very few

C. more than half

D. about half

Question #3

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

A. gather sufficient start-up capital

B. engage in management innovation

C. invest in intellectual capital

D. define your market and market size

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. flexibility

B. innovation

C. competitive advantage

Question #6

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

A. competitive advantage

B. flexibility

C. innovation

Question #7

Match the description with the corresponding term. Creativity

A. competitive advantage

B. flexibility

C. innovation