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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

What are the major advantages and disadvantages of smallness in business?

Summary Introduction

To determine: The major advantages and disadvantages of smallness in business.

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 major advantages of smallness in business are as follows:

  • Individual associations with clients and representatives
  • The minimal outlay of entering a business
  • The prospect to save all the revenues
  • The capacity to adjust to transform
  • Improved record mainte...

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