What is a difference between technology businesses and other small businesses? Question 6 options: Technology businesses never start in garages, basements, kitchens, or dorm rooms, while some other types of small businesses can start in these places. Technology businesses have lower initial startup costs than other small businesses. Technology businesses require greater capital and have higher initial startup costs than other small businesses. Technology businesses are the only type of small business that uses technology. Technology businesses are less innovative than other small businesses.

From the above options available we can say that, Option 1 is false because technology business can…

Answered: What is a difference between technology…

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter14: Transaction Costs, Imperfect Information, And Behavioral Economics

Section: Chapter Questions

Problem 13PAE

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What is a difference between technology businesses and other small businesses?

Question 6 options:

	Technology businesses never start in garages, basements, kitchens, or dorm rooms, while some other types of small businesses can start in these places.
	Technology businesses have lower initial startup costs than other small businesses.
	Technology businesses require greater capital and have higher initial startup costs than other small businesses.
	Technology businesses are the only type of small business that uses technology.
	Technology businesses are less innovative than other small businesses.

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