Primarily Because They Require Few Resources,____________________ Businesses Are the Fastest-Growing

question 91

Short Answer

Primarily because they require few resources,____________________ businesses are the fastest-growing segment of small-business enterprise.

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Definitions:

Reciprocity

Refers to a mutual exchange of privileges or benefits between two parties, where each party offers something in return for what is received, often seen in trade agreements.

Vertical Integration

A strategy where a company expands its operations by taking control of one or more stages in the production or distribution of a product.

Inventory Costs

Expenses associated with holding and managing goods in stock, including warehousing and insurance costs.

Personal Selling

A method of sales where businesses use individuals to sell the product after meeting face-to-face with the customer.