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bus101 chp. 6

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Last update by sarahg34601 on 02/16/2010
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bus101 chp  6
bus101 chp. 6
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Question: disadvantages of small businesses:
Answer: 1. high stress level (one person does all)2. high failure rate3. undercapitalization (lacking funds)4. managerial inexperience or imcompetence5. inabillity to cope with growth ( shot caller hard to give up control)