The Impact Downsizing Has on Small Business Is Which of the Following

question 2

Multiple Choice

The impact downsizing has on small business is which of the following?

• A) No labor force to work in small businesses
• B) Opportunity to perform the work large businesses no longer perform
• C) An availability of workers with no skills
• D) Lack of financial backing for small businesses

---

Definitions:

Economic Profits

Profits exceeding the opportunity costs of all inputs, indicating a return beyond the norm expected in the market or industry.

Industry

A sector of the economy characterized by a specific type of activity or product, such as manufacturing, technology, or services.

Firms

Business organizations that produce goods or provide services with the aim of making a profit.

Resources

Assets, materials, and inputs needed for the production of goods and services, including natural, human, and capital resources.