Solved by verified expert :29.
Diversity in the workplace is changing the
way our nation and our businesses operate.
30.
Big businesses need small businesses.
31.
A symbiotic relationship exists between
small business and big business.
32.
The stronger and more sustainable the
competitive advantage, the better the chance of winning and consequently
keeping customers.
33.
Small business is able to react less quickly
to new and changing markets than is large business with its increased economies
of scale.
34.
The ability to remain flexible and
innovative is an inherent factor in the favor of small businesses.
35.
Computers are an invention that small
business has contributed to society.
38.
Service innovation involves offering a new
or altered service for sale.
39.
Most
small businesses use market research as the primary means of learning about
customers.
40.
Creative destruction refers to the failure
of small businesses due to fault of their own.
41.
Economist Joseph Schumpeter called the
replacement of existing products, processes, ideas, and businesses with new and
better ones creative destruction.
42.
The lifeblood of any new business is cash/sufficient
startup capital.
43.
Most new businesses do not survive past
their first year.
44.
The most common cause of business failure
is inadequate management and financing.
45.
Lack of marketing experience is one of the
major problems faced by small business owners.
46.
External factors beyond a small business
owner’s control are to blame for most business failures.
