The Small Business Advantage Refers to

question 42

Multiple Choice

The small business advantage refers to

• A)The energy and creativity entrepreneurs can put in their multinational operations.
• B)The ease by which small companies can become global start-ups.
• C)The speed by which entrepreneurs can react to changing conditions and capture significant sales before larger companies can react.
• D)The number of venture capitalists willing to invest in successful small businesses.

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Definitions:

Carrier

A company that provides services for the transport of goods or passengers, which can include freight companies, airlines, and telecommunications carriers.

Service Sweethearting

An unethical practice where an employee gives unauthorized benefits to a customer, such as discounts or free products.

Customer Satisfaction

The level of contentment a customer feels towards a company's product or service, often measured through feedback and surveys.

Unauthorized Free Products

Products distributed without official permission, often violating copyright or distribution agreements.