Question

When it comes to management issues, small businesses:

a) Have fewer challenges than larger corporations
b) Often face unique challenges due to limited resources
c) Rarely encounter financial difficulties
d) Are not impacted by market fluctuations

Answer 1

Small businesses often face unique challenges due to limited resources and need to adapt to market fluctuations.

Step-by-step explanation:

When it comes to management issues, small businesses often face unique challenges due to limited resources. While larger corporations may have more resources and support, small businesses typically have to handle multiple aspects of their operations with limited staff and budgets. This can include managing finances, marketing, human resources, and day-to-day operations. Small businesses also need to adapt to market fluctuations and changes in demand, as they may not have the same level of stability as larger corporations. Therefore, option b) is the correct answer.