Canadian Entrepreneurship And Small Business Management, 9th Edition Solution Manual

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PART ONE: THE DECISIONTO START A SMALL BUSINESSCHAPTER 1: THE ROLE OF ENTREPRENEURSHIP AND SMALL BUSINESS IN CANADACHAPTER OBJECTIVES1. To discuss the evidence of the level of interest and activity in the small business sector.2. Toreview common methods of defining small business and to explain why a definition is important.3. To understand the current extent of entrepreneurship and small business in Canada.4. To discuss the positive benefits a healthy small business sector can offer to society.5. To explain the probable future environment for entrepreneurship and the small business community.CONCEPT CHECKSWhy has there been an increase in entrepreneurial activity throughout the world in recent years?Manycountries are turning to small business and private initiative to assist in their economicgrowth.What evidences are there that there is an entrepreneurial "revolution" occurring?The entrepreneurial revolution is evidenced by increases in: business establishments, employeesin small businesses, government small business programs, college small business classes, andentrepreneurial activities of large companies.Why is it important to define small business?Although defining a small business is difficult, it is important to make for comparison,evaluation, and various lending and assistance programs.What are the criteria used to make this definition?Some of the common criteria in defining small are total revenue, number of employees,profitability and type of management structure.What is the extent of small businesses in Canada?Small business accounts for 98% of all businesses, 29% of gross sales, 26% of gross domesticproduct and 56% of the labour force, 32% of business profits, 17.5 % of all business assets,25%of exports and 52% of net job creation.What two demographic groups have shown an increase in proprietorships in recent years inCanada?In recent years there has been an increase in small businesses established by seniors andwomen.What are thecontributions small businesses can make to a society?

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Entrepreneurship

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Canadian Entrepreneurship And Small...

Canadian Entrepreneurship And Small Business Management, 9th Edition Solution Manual

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