You should know the following:
What is a small business?
What are two benefits of a home-based business?
What are two disadvantages of a home-based business?
Name 3 contributions of small business.
What are the reasons small business fail?
What is a business plan? What should be included in a business plan?
What is a FRANCHISEE? What is a FRANCHISOR?
Name 4 advantages of Franchising?
Name 4 disadvantages of Franchising?
What are the 3 forms of Private Ownership? Name 2 advantages and 2 disadvantages of each.
Who elects the board of directors?
Who hires the CEO?
Name the pyramid of Corporate Management? There are five levels.
What is a merger? What is an acquisition?
Give an example of a VERTICAL MERGER. And a HORIZONTAL MERGER.
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