Question

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 1

The Correct Option is A

Small businesses contribute importantly to economic growth by driving innovation, creating employment, and offering specialized solutions or assistance to larger companies.

The Reason (R) accurately describes the importance of small businesses; they introduce innovative products and support larger organizations.