Asked by Robin Smith on Jul 14, 2024
Verified
___ offer space, shared services, and advice to help get small businesses started.
A) Business councillors
B) Business incubators
C) Succession plans
D) Social advisors
E) Internet entrepreneurships
Business Incubators
Business incubators are organizations designed to support the successful development of entrepreneurial companies through an array of business support resources and services.
Small Businesses
Independent businesses with fewer employees and lower revenue compared to larger corporations.
Shared Services
A model where multiple parts of an organization share resources or services to improve efficiency, effectiveness, and reduce costs.
- Understand the support systems available for small businesses, including business incubators and development centers.
Verified Answer
RM
Roxanne MojicaJul 15, 2024
Final Answer :
B
Explanation :
Business incubators offer space and resources to help small businesses get started. Business councillors may offer advice, but may not provide physical space or resources. Succession plans are focused on the transfer of ownership or leadership within a business, not necessarily on getting started. Social advisors and internet entrepreneurships do not necessarily provide physical space or shared resources.
Learning Objectives
- Understand the support systems available for small businesses, including business incubators and development centers.