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Related Flashcards
Related Topics
Cards In This Set
| Front | Back |
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The process of creating and managing a business is _______
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Entrepreneurship
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The _______ is an Independent agency of the federal government that offers managerial and financial assistance to entrepreneurs
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SBA (Small Business Administration)
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The SBA considers business with up to ___ employees to be small businesses
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500
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Approximately ___ of U.S. businesses are classified as small businesses
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99%
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Women-owned businesses represent ___ of all privately held firms
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41%
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Minority-owned firms are growing at a rate of ___
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30%
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Small businesses produce 55% of _______
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Innovations
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_______ sell goods to consumers
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Retailers
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________ represent the fastest growing segment of the U.S. economy
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Services
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Approximately ___ of new small businesses fail within the first five years
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90%
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Too often people start a new business without identifying the _______ the business’ goods or services
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need for
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The lack of funds to operate a business normally is known as ________
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Undercapitalization
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A business plan addresses how a business will achieve its _____
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Goals
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An owner who uses personal assets to start a business is employing _______
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Equity Financing
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Venture capitalists provide funds to a business in exchange for ________
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Ownership Interest
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