When Blake Shook, started Desert Creek Honey he was just a teenager. He worked long hours, often missing school events and dances, to tend to his bees. As an adult, his ten-day honeymoon was the longest time he had ever spent away from his bees. Blake even says, If I had a 9-to-5 job, I just wouldnt know what to do with myself. In this example, Blake is referring to which advantage of staying small?

a. personal relationships

b. limited potential

c. independance

d. ability to adapt to change

In 2017, Desert Creek Honey appeared on a television show called Billion Dollar Buyer. In the show, Blake and his wife agree to supply Landrys Inc., a dining, hospitality, entertainment, and gaming corporation, with half of their honey supply. This $343,000 order equated to 125,000 jars of honey. Despite the massive order, Blake insisted that Desert Creek Honey continue to collect, manufacture, and bottle all of the honey on their own. This is an example of which advantage of staying small?

a. independance

b. limited potential

c. ability to adapt to change

d.personal relationships with customers

Blake Shook started a second business selling beekeeping supplies and teaching beekeeping classes. Texas Bee Supply was started with his parents when they invested in the company by gifting Blake a building on their property and some additional funds to start the business. Lyndon and Tammy Shook are partners in the business with Blake. Lyndon and Tammys investment represents _____.

a. venture capital

b. crownfunding

c. equity financing

d.debt financing

Most small businesses complete a business plan before starting a new business. Suppose when Blake was thinking about starting Texas Bee Supply, he wrote a section in the business plan that included the following information: The beekeeping industry is made up entirely of family farms. No one company holds more than 2 to 3 percent of the beehives in the United States. This paragraph likely appeared in which section of Blakes business plan?

a.benefits to the company

b. manufactoring and operations plan

c. company and industry

d. marketing plan