A business owned by an individual or a little group is referred to as a(n):
A) corporate chain.
B) conglomerate.
C) concern.
D) independent small business.

Question

Quizplus · Accepted Answer

An independent small business is a business owned by an individual or a small group without the presence of a parent company or a larger corporation. The other options (A, B, and C) refer to larger, more complex business structures that involve multiple owners or a larger management system.

A Business Owned by an Individual or a Little Group