Identify the Businesses That Start and Stay Very Small,often Operating

question 6

Multiple Choice

Identify the businesses that start and stay very small,often operating seasonally or when the owner wants to work in the business.

• A)Lifestyle firms
• B)High-performing small businesses
• C)High-growth ventures
• D)Traditional small businesses

---

Definitions:

Lead Time

The period between the initiation and completion of a production process, or the time it takes for an order to be delivered after it has been placed.

Transit Times

The duration it takes for goods or people to move from one location to another, often a critical factor in logistics and transportation planning.

Supply Chain Management

The handling and oversight of a product's flow from raw material sourcing to production, storage, and delivery to customers.

Customer Orders

Requests by customers to purchase goods or services from a seller.