Distinguish between a local and national business. Provide two examples of each.

A local business is a company that provides goods or services to a local population. The goal of a local business is to have a specific geographic area that they serve, and they often tailor their business operations to the needs and wants of their local customers. They are typically small to medium-sized businesses, but they can also be large businesses that cater to a specific locale. Examples of local businesses include a local bakery in your neighborhood or a local law firm.

On the other hand, a national business is a company that operates in multiple locations across a country. They offer their products or services to a much larger audience compared to local businesses. National businesses usually have a central headquarters but have multiple branches or franchises across the country. Examples of national businesses include chains like McDonald's or retail stores like Walmart.

In summary, the main difference between a local and national business lies in the scale and reach of their operations. Local businesses operate in a specific, localized area and cater to the needs of that community, while national businesses have a wider, country-wide reach and cater to a larger, more diverse audience.