Which of the Following Is a Difference Between a Small

question 9

Multiple Choice

Which of the following is a difference between a small business and a high-growth venture?

• A) For a small business,the preferred funding source is other people's money,whereas for a high-growth venture,it is the owner's own money.
• B) For a small business,the personal control preference is to involve others,whereas a high-growth venture prefers to retain autonomy.
• C) A small business focuses on effectiveness,whereas a high-growth venture focuses on efficiency.
• D) A small business grows when necessary,whereas a high-growth venture grows when possible.

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Definitions:

Full-Service

A type of service that includes a comprehensive range of offerings to cater to all aspects of a customer's needs.

Limited-Service

A business model where the service provider offers a narrowed or reduced range of services or products to its customers.

Self-Service

Business or retail models that allow customers to perform services independently without the need for direct service employee assistance.

Costco

A multinational corporation that operates a chain of membership-only warehouse clubs, known for selling bulk goods at low prices.