Final answer:
Corporations have advantages over small businesses, including greater financial resources, increased market presence, and specialized expertise.
Step-by-step explanation:
Corporations offer several advantages over small businesses. One advantage is access to greater financial resources. Corporations have the ability to raise capital by issuing stocks and bonds, which allows them to expand and invest in new ventures. Furthermore, corporations benefit from limited liability, meaning that the shareholders' personal assets are protected in case of debts or lawsuits.
Another advantage is increased market presence. Corporations have the financial capability to establish a strong brand image, conduct extensive marketing campaigns, and expand their customer base. They have the resources to develop innovative products and services, and to operate in multiple locations or even internationally.
Additionally, corporations often have more specialized expertise as they have the ability to hire a larger workforce and attract top talent. This expertise can lead to improved efficiency, productivity, and innovation.
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