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Question

Innovation & Entrepreneurship Question on Small Business and Entrepreneurship

Given below are two statements, one is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A):Small businesses are considered important to economic development.
Reason (R): Small businesses can be innovators of new products and provide speacialist support to larger companies.
In the light of the above statements, choose the most appropriate answer from the options given below:

A

Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).

B

Both Assertion (A) and Reason (R) are correct and Reason (R) is not the correct explanation of Assertion (A).

C

(A) is correct but (R) is not correct.

D

(A) is not correct but (R) is correct.

Answer

Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).

Explanation

Solution

The correct option is (A): Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)..