Asked by James Copper on Jul 20, 2024
Verified
In the manufacturing sector,small businesses sometimes have an advantage over large firms because small businesses:
A) are exempted from paying taxes in most countries.
B) can customize products to meet specific customer needs and wants.
C) have a better access to highly skilled workers.
D) can mass produce and supply goods in bulk.
E) have better access to funds and can invest on sophisticated equipment.
Manufacturing Sector
The segment of the economy concerned with the production of goods through the processing of raw materials and components into finished products.
Small Businesses
Refers to privately owned corporations, partnerships, or sole proprietorships that have fewer employees and lower annual revenue than a regular-sized business or corporation.
- Become familiar with the defining aspects and relevance of small enterprises.
Verified Answer
HA
Harley ArnoldJul 26, 2024
Final Answer :
B
Explanation :
Small businesses can more easily customize products to meet specific customer needs and wants due to their flexible nature and closer customer relationships, unlike large firms that may focus on mass production.
Learning Objectives
- Become familiar with the defining aspects and relevance of small enterprises.
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