Impact of Small Businesses on the Canadian Economy
6 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is one advantage that small businesses have over larger businesses?

  • Economies of scale
  • A more hierarchical organizational structure
  • Access to more financing options
  • Ability to respond quickly to changes in the business environment (correct)

    • What percentage of Canadian businesses employ 1-4 people?

  • 40%
  • 55.1% (correct)
  • 60%
  • 30%

    • What percentage of all employers in Canada are small businesses?

  • 100%
  • 40%
  • 98% (correct)
  • 70%

    • What challenge do small businesses often face?

    <p>Inability to obtain financing</p> Signup and view all the answers

    What percentage of new jobs in the private sector were created by the small-business sector?

    <p>70.5%</p> Signup and view all the answers

    What is a benefit of remaining small, according to the text?

    <p>Ability to provide a high level of specialized service</p> Signup and view all the answers

    More Like This

    The Power of Small Businesses
    16 questions

    The Power of Small Businesses

    SpiritualMossAgate avatar
    SpiritualMossAgate
    Importance of Small Businesses in Economic Development
    6 questions

    Importance of Small Businesses in Economic Development

    CongratulatoryHelium avatar
    CongratulatoryHelium
    Contributions of Small Businesses in the United States
    7 questions

    Contributions of Small Businesses in the United States

    AltruisticArcticTundra avatar
    AltruisticArcticTundra
    Small Businesses in India Quiz
    48 questions

    Small Businesses in India Quiz

    YouthfulHeather3708 avatar
    YouthfulHeather3708
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser