Minority-owned businesses have come a long way in the past decade, and their success rate is climbing.

Which of the following is not an enhancement to individual creativity?

In a ________ , a franchisee has the right to create a semi-independent organization in a particular territory to recruit, sell, and support other franchisees.

Research shows that not everyone can be creative.

The most effective way for a small business to establish a competitive advantage is by offering lower prices.

A(n) ________ competitor offers the same or similar products or services only in a small number of areas, and their target customers seldom overlap yours.

Specialized knowledge is an example of a barrier to entry.

A clearly defined vision helps a company in which of the following ways?

When bargaining power of buyers is ________, the industry is ________ attractive.

A limited partner is treated as an investor in a business venture and does not take an active role in managing it.