Business Essentials, 12/e

Questions & Exercises

Questions For Review

1. 3-1. Why are small businesses important to the U.S. economy?

2. 3-2. Which industries are easiest for a small business to enter? Which are hardest? Why?

3. 3-3. What are the primary reasons for new business failure and success?

4. 3-4. What are the basic forms of noncorporate business ownership? What are the key advantages and disadvantages of each?

Questions for Analysis

1. 3-5. After considering the characteristics of entrepreneurs, do you think that you would be a good candidate to start your own business? Why or why not?

2. 3-6. If you were going to open a new business, what type would it be? Why?

3. 3-7. Would ...