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A buy-sell agreement details the terms by which stockholders can buy out each other's
interest.
Personal responsibility is defined as the obligation of a business to follow desirable
courses of action in terms of society's values and objectives.
Television is a cost-effective advertising medium for many small firms to use.
Small businesses in the U.S. are moving away from synergy as they are trying to
reengineer themselves.
Venture capitalists will invest in a small firm with the expectation of ultimately selling
the company.
Professional liability insurance is also known as malpractice insurance.
Supplier-base downsizing means reducing the number of suppliers to concentrate
purchasing.
Most asset-based loans are financed against accounts receivable.
In the age of digital technology, the primary source of value creation for consumers has
shifted from physical goods to service and information.
If a small business firm has $46,000 in revenue and $24,000 in expenses, its net profit is
$70,000.
Tort laws provide for the performance of duties and compensation for the injuries
resulting from faulty products.
Internal environmental factors include clients, technology and competition.
