Among minority-owned businesses in 2015, ownership was led by which group?

Prepare for your Business and Society Test 2 with flashcards and multiple choice questions. Each question is designed to enhance comprehension and application of business theories in societal contexts. Achieve excellence in your test!

Multiple Choice

Among minority-owned businesses in 2015, ownership was led by which group?

Explanation:
Asian Americans owned the largest share of minority-owned businesses in 2015, according to the Census Bureau’s Survey of Minority-Owned Business Enterprises. This means they led in the number of firms among minority groups that year. The pattern reflects higher levels of immigrant entrepreneurship and the concentration of Asian American entrepreneurs in various sectors such as professional services, retail, and other small-to-medium enterprises. While African American and Hispanic American owners also run many firms and contribute significantly to employment and the economy, the data show Asian Americans as the leading group in ownership of minority-owned businesses in 2015.

Asian Americans owned the largest share of minority-owned businesses in 2015, according to the Census Bureau’s Survey of Minority-Owned Business Enterprises. This means they led in the number of firms among minority groups that year. The pattern reflects higher levels of immigrant entrepreneurship and the concentration of Asian American entrepreneurs in various sectors such as professional services, retail, and other small-to-medium enterprises. While African American and Hispanic American owners also run many firms and contribute significantly to employment and the economy, the data show Asian Americans as the leading group in ownership of minority-owned businesses in 2015.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy