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2025 SPRING: SMALL BUSINESS MANAGEMENT

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The

process of recognizing an opportunity and starting a business is known as

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One

major reason small businesses fail is:

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Which

of the following is

NOT

a characteristic of a successful

entrepreneur?

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Which

of the following is an

advantage of a corporation?

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Describe

two legal requirements

to start a small business in Jamaica.

(5 marks)

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The

first section of a business plan is typically:

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A franchise

is:

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A

cash

flow statement

tracks:

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Which

of the following is an

external factor

considered in a SWOT

analysis?

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A

patent is used to protect:

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