Concept Check Questions Please answer following questions very briefly in few words.

3. Many small business that sell products to their customers are referred to as retailers. What is the term you will use for service business that sell service to their customers? 4. Rangers Steel Manufacturing's SWOT analysis revealed that potential competitors would find it difficult to begin operations in this specialized metal- coating industry. Using the terminology of SWOT, what is this an example of? 5. Small businesses usually have fewer layers of management to work through in the event of rapid changes in the market. What is the term used to name this advantage of small businesses