4. (TCO 3) A small business is defined as a company that _____. is newly launched and has fewer than 100 shareholders is dominant in its field and employs fewer than 1,500 employees has a revenue...

is newly launched and has fewer than 100 shareholders

is dominant in its field and employs fewer than 1,500 employees

has a revenue of less than $750,000

is independently owned and operated and not dominant in its field

is funded through personal lines of credit and has fewer than 1,000 employees

planning function

organizing function

leading function

controlling function

all government regulations are eliminated

all trade barriers are eliminated

production costs are reduced because of reduced labor cost

oppressive governments benefit

licensing

importing

direct marketing

disenfranchisement

contract labor

Initial cost

Extensive paperwork

Ability to raise money for investment

Possible conflict with stakeholders and board of directors

Strategic alliances

Global franchises

Joint ventures

Strategic mergers

Incorporated partnerships

is an alternative to unemployment.

is not risky.

allows others to control your future.

is not difficult and does not require sacrifice.

marketing is not important.

consumers are not interested in marketing ads.

marketing is expensive.

many small business owners invest money into other areas of the business.

The cost of consumer-oriented publications is too expensive.

Consumers now trust their peers more than any source for product information.

Consumers no longer trust salespeople.

State and local consumer protection agencies no longer review products.

Order processing

Market segmentation

Inventory control

Transportation

defining the behavioral parameters of a unique subset of cultures.

establishing a zone of proximal development.

setting expectations for reasonableness of the ideas presented.

establishing clear and concise expectations of factual information.

conducting a series of time-checks throughout the meeting.

Marketing

Human Resources

Production

Research and Development

The preparation and distribution of an a periodic report

A summarization of the costs of production

The preparation of departmental budgets

Compliance with the Financial Accounting Standards Board (FASB) guidelines

Reviewing and evaluating the information used to prepare a company’s financial statements

Understanding and allocating operational needs

Disestablishing a capital budget

Creating a long-term forecast

Establishing a strategic planning vision