Which of the Following Best Describes One of the Contributions

question 43

Multiple Choice

Which of the following best describes one of the contributions of small businesses?

• A) They are sources of new ideas or services that larger businesses may be unable to provide.
• B) They provide large capital gains to the owners.
• C) Their products and services are sold at prices that are lower than large businesses' prices.
• D) They provide economies of scale that large businesses cannot match.

---

Definitions:

Fredrick Taylor

An American engineer and management consultant known for his scientific management theory, which sought to improve industrial efficiency through systematic study and analysis.

Proper Training

Systematic instruction and education designed to equip individuals with the knowledge and skills necessary for their roles.

Economic Gain

The increase in financial value or wealth, often resulting from business activities, investments, or measures of economic performance.

Management Thought

The theories and principles that guide the practices and decisions of managers in planning, organizing, leading, and controlling an organization.