Compared to Large Businesses,which of the Following Statements Regarding Small

question 147

Multiple Choice

Compared to large businesses,which of the following statements regarding small businesses is correct?

• A)Small businesses are less likely to hire young employees.
• B)Small businesses are less likely to develop new products.
• C)Small businesses are more likely to be eligible for government loans or for government purchasing programs.
• D)Small businesses are more likely to be franchises.

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Definitions:

Social Forces

The societal factors that influence and shape individuals' behaviors, beliefs, and attitudes, including culture, norms, and social structures.

Marketing Strategy

A long-term plan designed to promote products or services and achieve specific marketing objectives by understanding customer needs and creating a sustainable competitive advantage.

Environmental Force

External factors, such as social, economic, technological, competitive, and regulatory conditions, that influence an organization’s operations and outcomes.

Personalized Marketing

A marketing strategy where promotional messages are tailored to individual consumers based on their preferences and behaviors.