V3

Rose wanted to help jobless individuals find employment, so she started a women's professional apparel company. For each clothing item sold, her company provided an outfit to a person in need. In addition, her company offered complimentary mock interview services, Rose is a Multiple Choice O macroentrepreneur O sharing entrepreneur O nonprofit entrepreneur. O profit entrepreneur. O social entrepreneurWhich of the following best illustrates a small business operating in a retail industry as opposed to wholesaling its products? Multiple Choice O Ink & Iron, an apporel company, sells its merchandise to clothing retailers, O Matthew bakes doughnuts and sells them to restaurants O Bubbles & Such Imports soap and directly sells it to customers through kiosks. O Mother Chip manufactures computer parts that are resold by tech companies. O Suck It manufactures unique stickers and sells them in bulk to office supply stores.Fabuglass is a small glass shop started by a professional glassblower, The store needs to compete against larger, well established, multinational brands. Which of the following strategies will most help Fabuglass avoid competition from larger firms? Multiple Choice O Fabuginss should expand the scale of production to enjoy greater economies of scale. O Fabiglass should start to work with customers only when the products are ready for sale. O Fabuglass should have multiple levels of management like larger firms. O Fabugless should target large market segments that the competitors serve. O Fabuglass should focus on and target small market niches or product needs.Clark started a business using his personal savings. His funds were limited, but he planned to run his business on the revenue generated from sales. However, months later, he found it difficult to pay rent and other expenses. Seasonal sales and inability to secure sufficient credit from local banks made it difficult for Clark to operate the business normally. Which of the following causes of small-business failure does this scenario best illustrate? Multiple Choice undercapitalization O iconomies of scale O debt financing O trade credit O debt factoringAll of the following have provided new opportunities for small businesses EXCEPT Multiple Choice O economic turbulence. O deregulation of the energy market and interest in alternative fuels. O technological advances and an increase in service exports. O free trade agreements and trade alliances. O the success of large information technology companies