Carlos founded the “Taco Factory” 20 years ago as a family-oriented restaurant. Over the years as they grew the business, he incorporated and sold stock to outside investors. Recently the stockholders voted to seek liquor licenses and to sell beer and hard liquor in the restaurants. Carlos opposed this, citing the history of the restaurant’s “family” environment, but was voted down. Carlos has experienced which drawback of the corporate form of ownership?

Secondary research includes customer surveys.

One of the cautions with a niche strategy is that niches change.

A corporation receives its charter from ________.

Diversity may be considered a characteristic of entrepreneurs, as they don’t fit any statistical norm.

In the ________ form of ownership, the business itself pays income taxes.

The three principles (three Rs) of rapid prototyping are ________.

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.