Small and Medium-Size Business Owners Need to Assess and Anticipate

question 38

Multiple Choice

Small and medium-size business owners need to assess and anticipate the changes which are occurring:

• A) within their markets
• B) with the needs for their products
• C) with new opportunities
• D) with their suppliers
• E) a), b) and c)

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Definitions:

Poverty

A state where an individual lacks financial resources to meet basic needs such as food, shelter, and clothing.

Functionalist Theory

A sociological perspective that interprets each part of society in terms of how it contributes to the stability and functionality of the whole society.

Stratification

The hierarchical arrangement of individuals or groups in a society based on socio-economic status, power, ethnicity, or other differentiating factors.

Culture of Poverty

A social theory that suggests poverty creates certain cultural attitudes and values that perpetuate the condition across generations.