1-7. Define small business. How, if at all, does this differ from what you would have expected the definition to be?
1-8. Explain how profit works as a signal to the entrepreneur.
1-9. It will probably take about three months for your business to start earning a profit. Do you agree or disagree? Why? If you disagree, how long do you expect it to take? What are the three most important factors in determining the time frame?
1-10. Summarize three facts about capitalism.
Categories: