Small Business Management

1. Chapter 2.
   • The Greatest Issue? In a survey of small businesses, respondents said the most difficult ethical issue they faced was relationships with customers, clients, and competitors. Discuss ethical issues you believe fit into those categories and how a business can address them.

1. Chapter 4
   • What to Ask. You have decided to purchase a franchise and have set up a meeting with the franchisor. Discuss the kinds of questions you would ask them and, also, what kinds of questions you anticipate the franchisor would ask.

1. Chapter 8.
   • A Lone Wolf? As a very independent person, you started a business and it is very successful. You are looking at expanding to another location in the same city but cannot afford that total expense right now. An opportunity exists to partner with another small firm that has complementary products. Discuss the advantages and disadvantages of such an alliance.

One Paragraph per answer (3)

 Clearly and accurately explain your answer based on factual information.include examples, illustrations, and/or applications in your answer. If you copy information from the Internet, you must cite your source.