Answer:
It can react to market conditions and customer concerns much faster.
Step-by-step explanation:
Small businesses have either of the the following characteristics
- they are privately owned partnerships or corporations
- they are sole proprietorship
- they require less capital
- they do not have a large number of workforce
Large businesses have either of the the following characteristics
- they are usually publicly owned
- they have a large number of workforce
Advantages of Small businesses over large businesses
- they are more flexible
- they have a better customer relation
- they are better able to specialise in a particular area
- there is greater opportunity for employee development