Assess the contributions of small businesses to our economy.
Small businesses have been responsible for a wide variety of inventions and innovations, some of which have given rise to new industries. Historically, small businesses have created the bulk of the nation's new jobs. Further, they have mounted effective competition to larger firms.
They provide things that society needs, act as suppliers to larger firms, and serve as customers of other businesses, both large and small.
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Small Business
- Analyze the growth of franchising and its advantages and disadvantages ?
- Explain the concept and types of franchising.
- Explain how the Small Business Administration helps small businesses.
- Describe the advantages and disadvantages of operating a small business.
- Identify the people who start small businesses and the reasons why some succeed and many fail.
- Define what a small business is and recognize the fields in which small businesses are concentrated.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.