Small Businesses Make Up the Majority of the Competitive Landscape

question 149

Multiple Choice

Small businesses make up the majority of the competitive landscape for most businesses.There are approximately ________ small businesses in the United States.

• A)17 million
• B)29 million
• C)39 million
• D)52 million
• E)97 million

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Definitions:

Secular Trend

a long-term pattern observed in data series over a significant period, indicating a general direction of change in society that is not attributed to seasonal or cyclical variations.

Nonindustrialized Countries

Countries that are less economically developed and not yet significantly involved in industrial processes.

Immaturity

denotes a lack of full development, whether in a biological, psychological, or emotional capacity.

Risky Behavior

Actions or behaviors that can potentially lead to harm or negative consequences for oneself or others.