Asked by Oppong Bright on Jul 20, 2024
Verified
Which of the following is an advantage of a small business?
A) Greater adaptability to changing market demands
B) Highly trained and competent staff
C) Low levels of stress in managing the business
D) Diverse and large workforce
E) High success rates
Small Business
An independently owned and operated company that is limited in size and in revenue depending on the industry.
Market Demands
The total quantity of a product or service that consumers are willing and able to purchase at various price levels at a given time.
- Recognize the benefits that small enterprises hold against larger corporations, particularly in terms of making decisions and adjusting to market needs.
Verified Answer
AP
Adityasinh ParmarJul 25, 2024
Final Answer :
A
Explanation :
Small businesses often have greater adaptability to changing market demands due to their size, allowing them to pivot or adjust their strategies more quickly than larger corporations.
Learning Objectives
- Recognize the benefits that small enterprises hold against larger corporations, particularly in terms of making decisions and adjusting to market needs.