Question: 1 . What information would you need to determine whether a particular business is small according to SBA guidelines? 2 . Distinguish among service industries,

1. What information would you need to determine whether a particular business is small according to SBA guidelines?
2. Distinguish among service industries, distribution industries, and production industries.
3. What are the major causes of small-business failure?
4. List four contributions of small business to the American economy.
5. Explain the relationships among a franchise, the franchisor, and the franchisee.
6. What does the franchisor receive in a franchising agreement?What does the franchisee receive? What does each provide?

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