What is the second step in the data processing cycle?

Which of the following is an outcome of small businesses focusing on narrow market niches or product needs?

A) It helps firms develop enviable reputations for quality and service. B) It results in greater competition from larger firms. C) It reduces the uniqueness of a product or service sold by small businesses. D) It reduces the need for managerial experience and skills. E) It reduces their ability to adapt to changing market demands.

A corporation and its owners are considered a single juridical entity

Indicate whether the statement is true or false