The Small Business Competitive Environment Has Been Mostly Affected By

question 13

Multiple Choice

The small business competitive environment has been mostly affected by:

• A) the globalization of markets and big business's response to small business.
• B) increasing fashion demands and the shrinkage of the middle class.
• C) better educated small business owners and free trade agreements.
• D) new product development and foreign currency rates of exchange.

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Definitions:

Null Hypothesis

A hypothesis that suggests there is no statistical significance between the two variables in the hypothesis.

Alpha Level

Alpha level, or significance level, is the threshold of probability at which you reject the null hypothesis, typically set at 0.05 or 5%.

Critical Values

Critical values are specific points on the scale of a test statistic that determine the boundary for rejecting the null hypothesis.

Type I Error

The incorrect rejection of a true null hypothesis, or a false positive, in statistical hypothesis testing.