WAEC - Economics (2011 - No. 32)
Which of the following is not true of small companies ? they
Cannot benefit from economies of scale
Are a good source of new jobs
Can satisfy demand in specialist markets
Have a good record of technical innovation
Explanation
Small companies do not have a good record of technical innovation because they are mainly a start up whose operations are limited to a small market area, small teams of employee, limited area of locations and lower revenue and profitability.