Question

For a new small business, it's usually best to have what kind of scope?

A.
A large scope with a variety of unrelated products and services
B.
A large scope that appeals to as many different target markets as possible
C.
A small number of unrelated products
D.
A small scope of closely related products or services


 

Please select the best answer from the choices provided

A
B
C
D

Answer 1

D is the best choice for your answer

Answer 2

Kind of Scope of small business - Option D

A small business may have the scope that is closely related to products and services which are also produced by another business. The reason for it might be that small business has specific suppliers who work closely to fulfill the needs of the customers.

For a small business, there is a big advantage of keeping its customer happy for future loyalty. They usually neither go for unrelated product or services nor target many different markets as it is difficult for them to handle as a small business.