A Small Business Is More Likely Than a Large Business

question 90

Multiple Choice

A small business is more likely than a large business to exhibit the following characteristics, except ________.

• A)participative leadership
• B)informal plans
• C)generalized jobs
• D)domestic focus

---

Definitions:

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and pricing over their product.

Optimal Level

The most efficient, effective, or desirable point or degree of an activity or function, balancing costs and benefits.

Profit-Maximizing

A process or strategy aimed at achieving the highest possible profit within a given business context.

Monopolistic Competition

A market structure characterized by many firms selling differentiated products, with few barriers to entry and some degree of market power.