When compared to large businesses,small business owners start their business typically to take advantage of:
A) the caveat emptor business philosophy.
B) an innovative idea.
C) the large amounts of resources they have.
D) their ability to scan the environment better.

Question

Quizplus · Accepted Answer

Small business owners usually start their business because they have an innovative idea that they believe can be successful. They may not have as many resources as larger businesses, but they rely on their creativity and unique approach to differentiate themselves in the market. The caveat emptor business philosophy (A) is not typically a reason for starting a business, as it focuses on shifting responsibility onto the buyer rather than providing quality products and services. Small businesses may not have large amounts of resources (C) compared to larger businesses, but they can still use their resources effectively. While small business owners may be able to scan the environment (D), this is not necessarily a reason for starting a business.

When Compared to Large Businesses,small Business Owners Start Their Business