The five forces model would assess economies of scale factors in the “threat of new entrants” portion of the model.

The “Das Spelunker” corporation, formed in Germany and conducting business in the U.S., is considered to be a(n) ________ corporation.

Printed newspapers have seen their readership rates decline as new generations of potential readers turn to their iPads and smartphones for sources of news. This is an example of ________.

When the franchisor has the right to establish a semi-independent organization in a particular territory to recruit, sell, and support other franchises, it is known as a ________ franchise.

Which of the following should make a potential franchisee suspicious about a franchisor’s honesty?

Changing demographics create opportunities for entrepreneurs.

McDonald’s recently set up several small franchises in nontraditional locations such as a hospital, a college campus, an airport, a subway station, and a sports arena. These locations are based on the principle of ________.

________ are the broad, long-range attributes the small business seeks to accomplish; ________ are the more specific targets for performance.

Before presenting a business plan to potential lenders and investors, an entrepreneur must be well informed and well prepared.

Every business influences and is influenced by a multitude of stakeholders.