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Scenario 1-1. Larry Linsuine is thinking of marketing a new idea he has been using. After years of experience as a deer hunter, he has perfected a tree stand that gives him an added advantage in deer hunting. He calls his new tree stand The Tree Hugger. He has now begun the process of manufacturing his tree stands with 20 employees working out of his garage. His life savings have provided the equity for his operation.
-Refer to Scenario 1-1. What type of business is Larry beginning?
A) Large business
B) Joint venture
C) Small business
D) None of the above

Question

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Larry is beginning a small business as he is manufacturing his product with just 20 employees working out of his garage, and his life savings have provided the equity for his operation.

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