6 Questions
What is one advantage that small businesses have over larger businesses?
Ability to respond quickly to changes in the business environment
What percentage of Canadian businesses employ 1-4 people?
55.1%
What percentage of all employers in Canada are small businesses?
98%
What challenge do small businesses often face?
Inability to obtain financing
What percentage of new jobs in the private sector were created by the small-business sector?
70.5%
What is a benefit of remaining small, according to the text?
Ability to provide a high level of specialized service
Learn about the significant role small businesses play in the Canadian economy, with statistics showing their contribution to employment and industry. Understand the scale and impact of small businesses compared to larger corporations.
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