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IUPUI BUS-x100 Exam 2 2025 Questions and Answers Service Industries - ....ANSWER☑️☑️...-Services Distribution Industries - ....ANSWER☑️☑️...-Retailing & Wholesale Trade Production Industries - ....ANSWER☑️☑️...-Manufacturing, General & Heavy Construction, Special Trade Construction Advantages of Small Businesses - ....ANSWER☑️☑️...-Flexibility, Independence, Service, Simplified, Specialization Disadvantages of Small Businesses - ....ANSWER☑️☑️...-Risk of failure, Limited potential, Limited ability to raise capital, Little 'power' key issues involved in entrepreneurship - ....ANSWER☑️☑️...-risk, creativity, innovation, competition entrepreneur - ....ANSWER☑️☑️...-a person who risks time, effort, and money to start and operate a business characteristics of a successful entrepreneur - ....ANSWER☑️☑️...-vision, high energy level, self-confidence, optimism, creativity, tolerance for uncertainty, tolerance for failure likelihood of entrepreneurial success - ....ANSWER☑️☑️...-over 70% of new businesses can be expected to fail within their first ten years …FOR STUDY PURPOSES ONLY…©️ 2025 ALL RIGHTS RESERVED… 1