Chapter 05 – Small Business, Entrepreneurship, and Franchising
40. Which of the following would most likely be the principal immediate threat to a recently
started small firm that contract manufactures for leading fashion brands in the United States?
A. Rapidly advancing technology
41. A precise statement of the rationale for a business and a step-by-step explanation of how it
will achieve its goals is known as a(n) _____.
A. promissory note
