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 ATTACHMENT PREVIEW Download attachment1.(TCO 1) The termeconomy of scalerefers to which of the following?(Points : 5)Increasing of costs through the production of larger quantitiesDecreasing of costs through the production of larger quantitiesDecreasing of costs through the production of smaller quantitiesIncreasing of costs through the production of smaller quantitiesQuestion 2.2.(TCO 1) You have a small business that offers printing services. One of the services you offer is ahigh-speed color copier. You are currently the only printing service in a tristate area that offers such a service. Youcurrently have which of the following?(Points : 5)Creative destructionA competitive advantageA qualitative advantageA capital advantageQuestion 3.3.(TCO 1) Which of the following are the inherent factors that work in favor of small businesses?(Points : 5)Ability to remain flexible and innovativeManagement expertiseEmphasis on varietyEmphasis on quantityQuestion 4.4.(TCO 1) Which of the following is the key element needed to bring the entrepreneurial idea toreality during the implementation stage?(Points : 5)Capital or money

View the AnswerCommitmentManagement expertiseA college educationQuestion 5.5.(TCO 1) Which of the following is the most common form of business ownership?(Points : 5)Sole proprietorshipsPartnershipsCorporationsJoint venturesQuestion 6.6.(TCO 4) The best time for a small business to get a lawyer is _____.(Points : 5)when the business is in troubleduring court hearingswhen writing the business planwhile the business is still an ideaQuestion 7.7.(TCO 4) Location analysis involves several factors such as _____. (Points : 5)price of landproximinty to customersquality and quantity of workforceAll of the aboveQuestion 8.8.(TCO 4) The average American spends approximately _____ hours per week watching television.

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