BUSN 115 study Great Stories/busn115study.com BUSN 115 study Great Stories/busn115study.com | Page 32

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
Question 5.5. (TCO 1) You own Wash This Way Laundromat in a busy
part of town. ABC Laundry, a chain store competitor, opened across
the street in a busy shopping strip. You decide to improve your
business by adding an internet café offering free Wi-Fi. Why? (Points :
5)
To promote private ownership of businesses
To improve quality of life
To exceed customer expectations
To expand your market
Question 6.6. (TCO 2) These are government policies aimed at
shielding a country's industries from foreign competition. (Points : 5)
Tariffs
Free-market capitalism
Protectionism
Import quotas