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Foundations of Business (MindTap C...

6th Edition
William M. Pride + 2 others
Publisher: Cengage Learning
ISBN: 9781337386920

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BuyFindarrow_forward

Foundations of Business (MindTap C...

6th Edition
William M. Pride + 2 others
Publisher: Cengage Learning
ISBN: 9781337386920
Chapter 5.1B, Problem 2CC
Textbook Problem
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Which two areas of business generally attract the smallest businesses? Why are these areas attractive to small business?

Summary Introduction

To determine: The two areas of business generally attract the smallest businesses and the reasons these areas being attractive to small 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 of Solution

The two areas of business generally attract the smallest businesses and the reasons these areas being attractive to small business are as follows:

The small businesses attract industries such as hospitality, real estate building industries...

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