Step 1: Recall the meaning of \(K_m\).
The Michaelis constant (\(K_m\)) is the substrate concentration at which the reaction velocity is half of its maximum value (\(V_{\max}\)).
Step 2: Interpret a low \(K_m\).
A lower \(K_m\) means the enzyme reaches half-maximal velocity at a lower substrate concentration.
This indicates
\[
\boxed{\text{High affinity between enzyme and substrate}.}
\]
Therefore,
\[
\boxed{(B)}
\]
is the correct answer.