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Jamal is creating a four-fold brochure about the parts of a business including production, finance, marketing, and customer service. If he only wants to highlight the key aspects of each part with several bullet points, what information should he include? Briefly explain why you feel this is the most important information about each part of a business.
Explain the significance of each of the following major fields of business activity: manufacturing, wholesaling, retailing.
Ishmail is figuring out whether his products will be used by the end consumer or be purchased by businesses to create other products. This decision will determine whether he creates industrial or consumer goods. He decides to make a chart comparing and contrasting these two types of goods. What should he include for each type of “good” on this chart?
While considering starting a small business, Roy is curious about the role and opportunities available for small businesses in the global economy and marketplace. He sets up a conference call with an experienced small business owner to learn more. What does Roy’s colleague likely share with him?
Starting a small business is a challenging endeavor—what are some important factors that contribute to the success of a small business? What are some of the first steps that should be taken if someone is interested in starting a small business?
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