Appropriately Compensating Employees Is Difficult for Small Businesses Because of the Lack

question 39

True/False

Appropriately compensating employees is difficult for small businesses because of the lack of access to salary surveys.

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Definitions:

Small Business

In Canada, a business that has 5–100 employees, is independently owned and operated, and does not dominate its industry.

Franchise

What results when one business owner sells to another the right to operate the same business in another location.

Necessity-based Entrepreneurship

Entrepreneurial activities that are initiated as a result of a lack of viable employment options, leading individuals to start their own business to sustain themselves.

Quest for New Opportunities

The proactive and continuous search for new avenues for growth, improvement, or competitive advantage.