The extent to which a small business is taken for granted,accepted,or treated as viable by organizations or people outside the small business is referred to as _____.

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External legitimacy refers to the level of acceptance and legitimacy a small business has in the eyes of external stakeholders such as customers, suppliers, investors, and the wider community. This is important for the success and sustainability of a small business as it affects its ability to attract resources, build relationships, and compete in the market. Narrowcasting refers to a media strategy that targets a specific audience, while test marketing refers to the process of trying out a new product or marketing campaign on a small scale before launching it to a wider audience. Internal understanding refers to the level of knowledge and communication within a small business team.

The Extent to Which a Small Business Is Taken for Granted,accepted,or