What are small businesses characterized by, in contrast to large businesses?
A) niche-finding strategies
B) a decreasing percentage of employees in the economy as a whole
C) fewer numbers, as merger mania continues to create a larger proportion of large firms in the world economy
D) the front/back combinations that combine small units into larger ones

Question

Quizplus · Accepted Answer

Small businesses are often characterized by their ability to find and exploit niches in the market, allowing them to differentiate themselves from larger competitors.

Answer: B
 Small businesses typically make up a larger percentage of employment in the economy as a whole, as they often rely more heavily on local labor and have fewer resources to outsource or automate their operations.

Answer: C
 While there has been consolidation in many industries, small businesses still make up a significant proportion of firms worldwide.

Answer: D
 The idea of front/back combinations is not a common characteristic of small businesses, and it is unclear how this would differentiate them from larger businesses.

What Are Small Businesses Characterized By, in Contrast to Large