Froggy Jumps Small Business Trivia ChallengeOnline version Test your knowledge on the vital role of small businesses in the economy! by sarah ayyad 1 What percentage of all U.S. businesses are classified as small businesses? a 50% b 75% c 99.9% 2 Small businesses are responsible for what percentage of new jobs in the U.S.? a About 65% b 30% c 50% 3 Which sector do small businesses primarily contribute to? a Corporate sectors b Global markets c Local economies 4 What is a common challenge faced by small businesses? a Access to funding b High demand c Excessive profits 5 Small businesses often foster what kind of community engagement? a Corporate sponsorships b International outreach c Local involvement 6 What is one benefit of small businesses for consumers? a Personalized service b Wider selection c Lower prices 7 Which of the following is a role of small businesses in innovation? a Mass production b Standardization c Introducing new products 8 Small businesses contribute to the economy by promoting what? a Entrepreneurship b Monopolies c Franchising 9 What is a key advantage of small businesses over large corporations? a Global reach b More resources c Flexibility 10 Small businesses often rely on which type of marketing? a Billboards b Word-of-mouth c Television ads
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