A(n) _____ occurs when one firm purchases the property and assumes the obligations of another firm.

A(n) _____ combines firms operating at different levels in the production and marketing process

A(n) _____ joins firms in the same industry that wish to diversify, increase their customer base, cut costs, or offer expanded product lines.

A(n) _____ is independently owned and operated, and is responsible for more than half of the nation’s gross domestic product

Small-business owners want to determine whether their companies meet the standards for small-business designation because

Small businesses that provide ________ have experienced the greatest increase in new jobs.

Compared to large businesses, which of the following statements regarding small businesses is CORRECT?

Many businesses fail during the early years because of ________.

Alexander has just opened a bakery & café in a busy New York City neighborhood. He has received an SBA-guaranteed microloan of $13,000. Alexander can use the microloan for all of the following,EXCEPT:

When the Small Business Administration (SBA) assists a small business in applying for a major loan, it acts as the lender’s ________.

Devon and Keith opened a restaurant as a partnership. Two years later, Keith left the restaurant, and Devon discovered that Keith had charged numerous expenses to their account. These expenses resulted in thousands of dollars’ worth of debt for the restaurant. What option does Devon have in this situation?

The stock of Old Germany Brewery is totally owned by the Prechter family. When the family elected to move from a sole proprietorship to a corporation, the greatest concern was ________.

If Smith Steel buys Kennedy Iron Ore to assure itself of a constant flow of ore, this is an example of a ________.

When founding members of Mary Kay Inc. wanted to regain family control of the cosmetics business, they changed the company ownership from publicly held to ________, in order to control and manage corporate activities.