Why are small businesses important to a country’s economy?
1 point
a.They give an outlet for entrepreneurs.
b.They can provide specialist support to larger companies.
c.They can be innovators of new products.
d.All the above.
Answers
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1
Answer:
Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established. Small businesses also help stimulate economic growth by providing employment opportunities to people who may not be employable by larger corporations. Small businesses tend to attract talent who invent new products or implement new solutions for existing ideas. Larger businesses also often benefit from small businesses within the same local community, as many large corporations depend on small businesses for the completion of various business functions through outsourcing.
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Answer:
b
Explanation:
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