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A measure of how quickly a business expands.

The percentage of businesses that do not succeed.

Courses offered by community colleges for aspiring business owners.

A guideline suggesting three years in a comparable business.

A one-year training program to learn from a successful businessperson.

A leading cause of small-business failure, linked to various operational issues.

The practice of maintaining accurate business records.

An agreement to share business earnings with the owner.

Prioritizing opportunity and innovation over security and routine.

Online sales exceeded $365 billion in 2019, highlighting market potential.

Online businesses must provide distinctive products or services to succeed.

Special visas allowing 10,000 investors into the U.S. to create jobs annually.

Geographic areas with low taxes and government support to attract businesses.

Government incentives to encourage job-creating investments by businesses.

Centers offering affordable office and business services to startups.

Program allowing unemployment collections while starting a business.

Corporate income is taxed twice: once at the corporate level and again at the shareholder level.

Owners must file both a corporate tax return and an individual tax return.

Large corporations can become inflexible due to complex structures and red tape.

Ending a corporation can be a complicated process.

S Corporations are taxed like sole proprietorships and partnerships but maintain corporate structure.

S Corporations must have 100 shareholders or fewer and meet other requirements.

An LLC combines features of corporations and partnerships, providing limited liability without strict requirements.

Incorporation offers tax savings and benefits for professionals like lawyers and doctors.

Limited Liability Companies (LLCs) were introduced in Wyoming in 1977.

LLCs can choose to be taxed as partnerships or corporations.

By 1996, all 50 states recognized LLCs as business entities.

LLCs protect personal assets from business liabilities.

LLCs can distribute profits and losses without following investment proportions.

A merger forms one new company, while an acquisition buys another's assets.

Three types: vertical, horizontal, and conglomerate, based on business stages or industries.

Mergers between large competitors must ensure no unfair competition per Federal Trade Commission.

A complete ban on the import or export of a product or trade with a country.

Restrictions that inhibit trade without using tariffs, like standards and regulations.

An international organization created to mediate trade disputes and oversee global business practices.

A 1948 agreement aimed at reducing trade restrictions between countries.

The 1986 GATT talks that resulted in a new agreement lowering tariffs by 38% worldwide.

A regional group of countries with common external tariffs and no internal tariffs.

A political and economic union of 28 European countries with a combined population of over 500 million.

A type of common market where countries coordinate laws and tariffs to facilitate trade.

A perspective that advises against assuming solutions work universally across countries.

Factors affecting the viability of global opportunities, influenced by economic circumstances.

The value of one nation’s currency compared to others, influencing trade costs.

When the dollar is strong, foreign products are cheaper but U.S. goods are expensive.

When the dollar is weak, foreign goods become more expensive due to higher dollar costs.

A market system where currency values fluctuate based on supply and demand.

Lowering the value of a nation's currency relative to others, often impacting trade.

A U.S. law prohibiting questionable payments to foreign officials for business.