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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Give examples of how small businesses fill needs of society and other businesses.

Summary Introduction

To determine: The examples on how small businesses fill needs of society and other businesses.

Introduction: A small business administration is an autonomous organization of the United States government that secures the interests of independent or small business ventures and guarantees that they get a decent amount of government contracts.

Explanation

The examples on how small businesses fill needs of society and other businesses are as follows:

  • GM depends on in excess of 32,000 organizations for parts and supplies and relies upon in excess of 11,000 free merchants to offer its vehicles and trucks.
  • BS, RK and Co. buys goods from around 12,000 providers and a large portion of them are independent and small ventures.

Small firms give an assortment of products and services to each other and to substantially bigger firms...

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