Which of the following is not one of the disadvantages of small-business ownership?Multiple Choicesmall-business owners tend to be victims of physical and psychological stress.small businesses have a high failure rate.small firms can focus their efforts on a precisely defined market niche.having to multitask can result in long hours for most small-business owners

Which of the following is a disadvantage of being a small-business owner?Multiple ChoiceThey tend to be victims of physical and psychological stress.They lack freedom and flexibility.They cannot focus on narrow niches.They lack the opportunity to innovate or create jobs for others.

Multiple Choice QuestionA small business owner must deal with ongoing worries about competition, employee problems, rent increases or changing market demand. All of these are aspects of which disadvantage of small business ownership?Multiple choice question.Inability to cope with growthHigh stress levelsManagerial incompetenceUndercapitalization

Are small business owners at a disadvantage if they lack the marketing research resources large companies have? Why or why not?

What are some benefits of owning a small business?

The most common reason attributed to small business failure is failure on the part of management.Group of answer choicesTrueFalse