Which of the Following Statements Is TRUE About the Industries

question 30

Multiple Choice

Which of the following statements is TRUE about the industries that small business owners may consider entering?

• A) Small businesses dominate the construction industry.
• B) Since the deregulation of banks,the small local bank has completely disappeared.
• C) Barriers to entry are generally small.
• D) There are no small businesses in the wholesaling industry.
• E) More than any other industry,discounting lends itself to the skills of the small business owner.

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Definitions:

Growth

The increase in size, value, or importance of something over time.

Decline

A decrease or reduction in the value, quantity, or quality of something over time.

Entire Economy

Refers to the total system of production and exchange encompassing all sectors and activities within a geographical area or country.

Life Cycle

The series of stages a product or organism goes through from its inception to its termination or decline.