Small Business Management Mid. – Flashcards
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attractive small firm
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a small firm that provides substantial profits to its owner
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Personal Fulfillment
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Joe is well respected by his employees. He models high integrity and encourages teamwork. What attribute does Joe display?
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Niche Markets
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Mary opened a small boutique catering to a narrowly defined target market. Mary's competitive edge is
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Owners, Customers, Employees
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Of a possible stakeholders the primary ones are
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Integrity
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Bob the owner of a company brags about hiding company income from the IRS but was surprised to learned his sales mgr. was accepting kickbacks from customers. Clark should have remembered
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Social Responsibility
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Entrepreneurs must reconcile their social commitments with
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FICA
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The type of tax most likely to a problem for an entrepreneurs is