Because of Their Organizational and Managerial Flexibility,small Businesses Often Can

question 45

True/False

Because of their organizational and managerial flexibility,small businesses often can detect and act on new opportunities faster than large companies.

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Definitions:

Consumer Surplus

represents the difference between what consumers are willing to pay for a good or service and what they actually pay, indicating economic welfare.

Tax Revenue

The income generated by the government through the imposition of taxes on goods, services, income, and transactions.

Opportunity Costs

The cost of the next best alternative foregone when a decision is made to choose one option over another.

Tax

Mandatory financial charges imposed by a government on individuals and organizations to fund public expenditures.