Because large businesses are more efficient than small ones, they can keep total costs down and make larger profits.

Question

Quizplus · Accepted Answer

Large businesses may benefit from economies of scale, which can lower per-unit costs, but efficiency and profitability also depend on management, market conditions, and the specific industry. Small businesses can be more adaptable and innovative, potentially leading to higher profit margins in niche markets.

Because Large Businesses Are More Efficient Than Small Ones, They