Assertion and Reason on Small Businesses
CMAT 2024 · Innovation & Entrepreneurship · Easy · Innovation 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.
A
Explanation
Both Assertion (A) and Reason (R) are correct. Small businesses foster economic development precisely because they drive innovation and support larger ecosystems and employment.
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