Which of the following statements best describes the possibilities for small businesses in global markets?
A)Small businesses have little chance of competing against giant multinational corporations in global markets.
B)Small businesses already dominate global business.In fact,most multinational corporations are actually quite small.
C)Small businesses are often better prepared to enter global markets than large,bureaucratic corporations.
D)The main problem faced by small businesses in global markets is that franchise arrangements favoured by small business owners are illegal in most countries.

Question

Quizplus · Accepted Answer

Small businesses are often more flexible and able to adapt quickly to changing market conditions, making them well-suited for entering global markets. While they may face challenges, such as limited resources and access to capital, they can also leverage technology and online platforms to reach customers around the world. Additionally, some countries may offer incentives or preferential treatment to small businesses entering their markets.

Which of the Following Statements Best Describes the Possibilities for Small