Question: Which of the following statements is true of market research in the context of small businesses? Which of the following statements is true of market research in the context of small businesses? The district offices of the U.S. Department of Education have good libraries that can be helpful to small businesses. Formal research programs are a valuable but an expensive way to obtain guidance. The Business Committee for the Arts has publications on organizing small businesses. Market research consists of granting a franchisee the right to sell a product.