The market for a small business today is fundamentally different than it was 30 years ago. Why is this true and how does it affect the way a small business must operate?
a) Due to advancements in technology, communication, and globalization, small businesses face increased competition and have access to broader markets.
b) Small businesses now have more resources and funding available compared to 30 years ago, leading to greater opportunities for growth.
c) Government regulations have become more favorable for small businesses, allowing them to operate with fewer restrictions.
d) Small businesses today focus more on traditional marketing methods, such as print ads and direct mail, rather than digital marketing strategies.