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Questions and Answers
According to the Small Business Administration, what percentage of U.S. businesses are considered small businesses?
According to the Small Business Administration, what percentage of U.S. businesses are considered small businesses?
- Exactly 100%
- Less than 80%
- Around 90%
- More than 99% (correct)
What is the main characteristic of small businesses as per the text?
What is the main characteristic of small businesses as per the text?
- They typically don’t have any intention of becoming a chain or franchise. (correct)
- They are usually part of a larger corporation.
- They always aim to become a chain or franchise.
- They are primarily focused on international expansion.
What is the primary focus of entrepreneurial ventures classified as small businesses?
What is the primary focus of entrepreneurial ventures classified as small businesses?
- Local service provision (correct)
- International expansion
- Online retail
- Global manufacturing
What type of skills does an entrepreneurial mindset involve?
What type of skills does an entrepreneurial mindset involve?
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What does the text suggest about the importance of an entrepreneurial mindset?
What does the text suggest about the importance of an entrepreneurial mindset?
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