Tourists Visiting Chernobyl Exclusion Zone

The video discusses the concept of business duration and highlights the significant role small businesses play in the economy.

What is the significance of understanding duration in various contexts?

• It helps in time management.

• It only applies to personal life.

• It is irrelevant in business.

• It is a legal requirement.

How do small businesses contribute to the economy?

• They have no impact.

• They only serve local communities.

• They increase unemployment.

• They create job opportunities.

Which of the following is a key role of small businesses?

• Increasing taxes.

• Driving innovation.

• Reducing competition.

• Limiting market growth.

Why is it important to implement effective strategies in business operations?

• To limit growth.

• To enhance productivity.

• To decrease efficiency.

• To increase costs.

What is a potential benefit of playing an important role in business?

• Reducing market share.

• Increasing operational costs.

• Limiting customer base.

• Gaining competitive advantage.