6. The process of finding a small but profitable demand for something and producing a custom-made product for that market. This is the definition of which process? A. Studying the market B. Starting a new business C. Product distribution D. Niche marketing Many successful small business owners start a new business because they want others to recognize that the success is all theirs. Which of the followng is the reasons for starting a new business? 7. A. B. C. D. Take advantage of the latest technology Business location may be desirable Can obtain guidance from experienced people Market niche has been identified. 8. Train employees as an innovative and flexiibility person to become valued employees of larger companies. What small business contribution in this statement is refferring to? 9. A. Close relationship with customers and community B. Encourage innovation and flexibility C. Generate new employment D. Provide employees learning experience What is the main reason why many small business owners neglect planning? A. Direction of the business is clear B. Day-to-day activities leave them little or no time for planning C. They feel that future changes can be plan for D. They have knowledge of how to plan 10. Which of the following is NOT a purpose of business plan? A. Money raising tools to attract venture capital B. Concentrating in reaching the employees C. Keep on target D. Keep the creativity on track