Which of the following is not true of small companies ? they
ECONOMICS
WAEC 2011
Which of the following is not true of small companies ? they
- A. Cannot benefit from economies of scale
- B. Are a good source of new jobs
- C. Can satisfy demand in specialist markets
- D. Have a good record of technical innovation
Correct Answer: D. Have a good record of technical innovation
Explanation
Small companies do not have a good record of technical innovation because they are mainly a start up whose operations are limited to a small market area, small teams of employee, limited area of locations and lower revenue and profitability.
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