Which of the following statements best describes the possibilities for small businesses in global markets?
A)Small businesses already dominate global business.In fact,most multinational corporations are actually quite small.
B)Small businesses are often better prepared to enter global markets than large,bureaucratic corporations.
C)Small businesses have little chance of competing against giant multinational corporations in global markets.
D)The main problem faced by small businesses in global markets is that franchise arrangements favoured by small business owners are illegal in most countries.

Question

Quizplus · Accepted Answer

Small businesses can be more agile and flexible, allowing them to quickly adapt to changes in global markets. They can also specialize in niche markets that larger corporations may overlook. However, they may face challenges such as limited resources and the need to navigate complex regulations and cultural differences across multiple countries.

Which of the Following Statements Best Describes the Possibilities for Small