Asked by Shalyn Olsen on Jul 04, 2024
Verified
Which of the following statements regarding small businesses,compared to large businesses,is correct?
A) Small businesses are less likely to hire young employees.
B) Small businesses are less likely to develop new products.
C) Small businesses are more likely to be eligible for government loans or for government purchasing programs.
D) Small businesses are more likely to be franchises.
Government Loans
Financial sums lent to individuals or entities by government bodies, often with lower interest rates and longer repayment terms than private loans.
Government Purchasing Programs
Initiatives or schemes implemented by the government to buy or procure goods and services, often to support domestic producers or fulfill public service mandates.
Franchises
Business models where individuals or entities purchase the rights to operate a business under a company’s brand and guidance.
- Understand the influence of small enterprises on the United States economy.
- Understand the requirements for being classified as a small business and the associated advantages.
Verified Answer
Learning Objectives
- Understand the influence of small enterprises on the United States economy.
- Understand the requirements for being classified as a small business and the associated advantages.
Related questions
How Do Small Businesses Contribute to the U ...
The Small Business Administration (SBA) Estimates There Are Over 220 ...
Which of the Following Is NOT One of the Defining ...
According to Recent Government Data, Small Firms with Fewer Than ...
Founder's Disease Refers to the Problem of Organizations Outgrowing the ...