Why do small businesses comprise of those mostly fromthehospitality and retail sectors?

1.Because these sectors have very high profit margins

2.ecause they require owner-managers to stay close to customers

3.Because these sectors typicallyhave low barriers of entry

4.Because these sectors employ more people to produce a certain level of output compared to big firms.

2) The first step in calculating market potential is to obtain revenue (sales)statistics for a given market area.

TRUE

FALLS