In Which of the Following Industries Are Small Businesses Typically

question 67

Multiple Choice

In which of the following industries are small businesses typically poorer performers than large businesses?

• A) Construction
• B) Manufacturing
• C) Service
• D) Retailing
• E) Transportation

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Definitions:

Supplier Selection

The process of evaluating and choosing among potential suppliers based on criteria such as price, quality, reliability, and service.

Payment

The transfer of funds from one party to another in exchange for goods or services.

Declared Obsolete

The designation of a product, service, or technology as outdated or no longer in use, often replaced by newer alternatives.

Obsolete Materials

Items or materials that are no longer used or needed due to changes in technology, market demand, or product design.