Small Business Management 7th Edition Hatten Solution Manual
Solution Manual for Small Business Management Creating a Sustainable Competitive Advantage 7th Edition By Timothy S. Hatten, ISBN: 9781544330860
CONTENTS
PART I: THE CHALLENGE
Chapter 1: Small Business: An Overview
Chapter 2: Small Business Management and Entrepreneurship
PART II: PLANNING IN SMALL BUSINESS
Chapter 3: Social Entrepreneurs, Ethics, and Strategic Planning
Chapter 4: The Business Plan
PART III: EARLY DECISIONS
Chapter 5: Franchising
Chapter 6: Taking Over an Existing Business
Chapter 7: Starting a New Business
PART IV: FINANCIAL AND LEGAL MANAGEMENT
Chapter 8: Accounting Records and Financial Statements
Chapter 9: Small Business Finance
Chapter 10: The Legal Environment
PART V: MARKETING THE PRODUCT OR SERVICE
Chapter 11: Small Business Marketing: Strategy and Research
Chapter 12: Small Business Marketing: Location
Chapter 13: Small Business Marketing: Price and Promotion
PART VI: MANAGING SMALL BUSINESS
Chapter 14: Professional Small Business Management
Chapter 15: Human Resource Management
Chapter 16: Operations Management
Concept Check Questions
1. How would you define small business?
Small business is a business that is usually independently owned, operated, and financed, has fewer than 100 employees, and has relatively little impact on its industry.
2. Name a company that seems large but might be classified as small because it has relatively little impact on its industry.
Boston Beer Company is considered a small business even though it has more than 100 employees, has a relatively large sales revenue, and large total value of assets and value of owner’s equity. It has little effect on the overall industry of beer when compared with Coors, Anheuser-Busch, and Miller, so Boston Beer Company can be considered a small business.
3. What are the criteria commonly used to define small business?
The number of employees, sales revenue, total value of assets, and value of owner’s equity.
