A knowledge-based business economy favors small business because:

Question

Quizplus · Accepted Answer

In a knowledge-based business economy, the cost of managing and transmitting knowledge is very low, which favors small businesses. Additionally, information technology is driving the cost of managing and transmitting knowledge even lower, which gives small businesses an advantage as they can compete with larger companies on an equal footing. Therefore, both options A and C are correct.

A Knowledge-Based Business Economy Favors Small Business Because