In the early days of computers, programmers and designers started businesses in their parents' garages and worked there until they were able to sell enough of their products to move into a location of their own. Anahi and Joelle started a small software and computer hardware. They have filed for a patent on their latest invention and are working on two others. Which of the following statements is correct regarding small business and technical innovation?

a. Small firms produce two-and-a-half times as many innovations as large firms relative to the number of persons employed.

b. Small firms employ a smaller percentage of high-tech workers as scientists, engineers, and computer specialists than medium - and large-sized firms.

c. Large firms produce 16 to 17 times more patents per employee than small patenting firms.

d. Studies show that the incidence of innovation among small-business workers is significantly lower than among workers in large businesses

Question

Aditya Potter

Business

17 August, 00:10

In the early days of computers, programmers and designers started businesses in their parents' garages and worked there until they were able to sell enough of their products to move into a location of their own. Anahi and Joelle started a small software and computer hardware. They have filed for a patent on their latest invention and are working on two others. Which of the following statements is correct regarding small business and technical innovation?

a. Small firms produce two-and-a-half times as many innovations as large firms relative to the number of persons employed.

b. Small firms employ a smaller percentage of high-tech workers as scientists, engineers, and computer specialists than medium - and large-sized firms.

c. Large firms produce 16 to 17 times more patents per employee than small patenting firms.

d. Studies show that the incidence of innovation among small-business workers is significantly lower than among workers in large businesses

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Answers (1)

Know the Answer?

Tyrese · Answer 1

The correct answer is a. Small firms produce two-and-a-half times as many innovations as large firms relative to the number of persons employed.

Explanation:

SMEs have enormous advantages in terms of innovation compared to large companies because their size gives them dynamism, greater internal flexibility and responsiveness to changing circumstances.

However, some barriers they encounter are the difficulty of financing, the lack of specialists or the lack of resources.