Question

Which of the following is true of small businesses? a. They represent a large percentage of exporters. b. They represent 40 percent of all businesses in the United States. c. They often experience lesser employee commitment. d. They are generally slow to adapt to changing customer needs.

Answer 1

Answer: Option A and C are true.

Explanation:

Small businesses are privately owned establishments, which are either partnerships or sole proprietorships. They normally have fewer working staffs and less revenue generated annually, when compared to a regular-sized business or corporation.

This small businesses are normally at the community/grass-roots level. They are very essential to every economy as they create employment opportunities, play a vital role in the local economy and create financial independence to owners.

The small businesses play a huge role in import and export to other nations, as majority of exports/imports comes from small businesses.