Three Most Common Types of Small Businesses

Three Most Common Types of Small Businesses

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Most, Common, Types, Small, Businesses

List the three most common types of small businesses as identified by the textbook and provide an example of each from your local community

(Chapter 1) “Factors of Production”. Think of a company you are familiar with and then list and provide an example for each of the five factors and explain how it applies to that business. You may NOT use Starbucks as your example.

(Chapter 2) “Organizational Stakeholders”. Using your critical thinking skills, consider Apple, Inc. (the maker of the iPhone, iPad, etc.) and then list and provide an example for each of the five groups and explain how each stakeholder applies to Apple.

(Chapter 3) “Small Business”. List the three most common types of small businesses as identified by the textbook and provide an example of each from your local community.

(Chapter 5) “Fundamental Management Skills”. Using each of the seven management skills, discuss in three or more sentences for each of the seven skills, how a manager might find a way to develop each of these.

(Chapter 6) “Departmentalization”. Using your critical thinking skills, consider Ford Motor Company and then list and provide an example for each of the five departmentalization lines and explain how it applies to Ford.

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