small businesses.

Q: Define explain small business.

A: Business  Business can be defined as an institution that runs on a regular basis, that has been…

Q: Identify the major factors impacting the success of small business

A: The major factors impacting the success of small business are:

Q: Identify and describe briefly the four stages of the business cycle.

A: The four stages of the business cycle are: Expansion Peak Contraction Trough

Q: What are the major advantages and disadvantages of smallness in business?

A: A business is defined as an enterprise or organization engaged in commercial, industrial or…

Q: Briefly describe four contributions of small business to the American economy.

A: A small business administration is an autonomous organization of the United States government that…

Q: Define the similarities and differences between socially driven businesses and economically driven…

A: Ans. In an unrestricted economy, individuals participate in exchange simply because they need to.…