Intro to Business Ch6 II

Match it! Select the correct answer from the pull down...Good luck!

Many small businesses fail simply because owners do not keep adequate records.

a business owned and controlled by at least two people who have entered into a written agreement.

It is not wise to start a new business when demand for the product or service you plan to sell is high, because already established companies will have a clear advantage over you.

A large number of small businesses in the US are service businesses.

The first step in developing a business plan is to gather and review info.

A grocery store is this type of business

A business is owned and operated by only one person.

An automobile factory is this type of business