Question: Answer theses questions, concisely....Chapter 5 Homework Questions 1 . What are the three key ways in which small businesses contribute to the economy? 2 .

Answer theses questions, concisely....Chapter 5 Homework Questions 1. What are the three key ways in which small businesses contribute to the economy? 2. How are new industries formed? 3. How does the Industry Canada define small business? 4. In what industries do small businesses play a significant role? 5. What percentage of small businesses are still operating five years after starting?6. What are the three main causes of small-business failure? 7. What are the five main sections of a business plan?8. Why is an effective business plan important to the success of a firm?9. What are business incubators?10. Why are small businesses good opportunities for women and minorities?

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