Types of Small Business Entrepreneurship
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Questions and Answers

What distinguishes small businesses from large businesses?

  • Small business entrepreneurs obtain the role of everyday manager. (correct)
  • Small businesses are usually family owned and operated.
  • Small business entrepreneurs hire someone to do the main upkeep for them.
  • Small businesses have a larger portion that are barely profitable.

    • What is the primary goal of social entrepreneurs?

  • To create new products or services for a large company.
  • To start non-profit organizations that work toward social good.
  • To solve social problems with their products or services. (correct)
  • To make big profits and accumulate wealth.

    • What is a key characteristic of a scalable startup?

  • It uses technology or creates new technology. (correct)
  • It operates in a small, niche market.
  • It provides services to a single family.
  • It is owned and operated by a single family.

    • How do small businesses typically employ their workforce?

    <p>They employ local or family members as employees.</p> Signup and view all the answers

    What is the main characteristic of large company entrepreneurship (intrapreneurship)?

    <p>The entrepreneur creates new products or services for the large company.</p> Signup and view all the answers

    What type of businesses rely on traditional fundings like bank loans and personal savings?

    <p>SMEs</p> Signup and view all the answers

    Which type of businesses have modest growth goals aiming for a steady income stream?

    <p>SMEs</p> Signup and view all the answers

    What type of businesses are hyper-focused on rapid growth and scaling their business model to reach a large market?

    <p>Startups</p> Signup and view all the answers

    Which businesses are considered low risk due to their established model and customer base?

    <p>SMEs</p> Signup and view all the answers

    Which type of businesses focus on angel and capital investment with a focus on high-growth potential companies?

    <p>Startups</p> Signup and view all the answers

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