Current competitive conditions favor large companies over smaller ones because of their flexibility combined with their ability to use their size to achieve efficiency and economies of scale.a.May beb.I Dont Knowc.B)  Falsed.A)  Ture

All competitive advantages do not accrue to large sized firms. A major advantage of smaller firms is that theya.Have more loyal and diverse workforcesb.Are more likely to have organizational slackc.Can launch competitive actions more quicklyd.Can wait for larger firms to make mistakes in introducing innovative products

Fill in the Blank QuestionFill in the blank question. and sized businesses are often better prepared for the global market because they are able to react more quickly to opportunities.

Which of the following statements accurately describes the difference between small businesses and larger firms?Multiple ChoiceUnlike small businesses, larger firms are not equipped to focus on mass markets or wide market segments.Small businesses can develop and introduce a new product in a much shorter time than do large ones.Small businesses require more money to start and maintain than do large ones.Decisions can be made and executed more quickly in larger firms than in small firms.

Small companies have flourished because theyemploy more skilled people than larger businesses.often expand easily in mature industries.have better organizational policies and procedures.respond more quickly to their customers' needs.

Small businesses are in a stronger position to make marketing mix changes because:Group of answer choicesthey work within a tighter bureaucratic framework than large companies.they have more resources to work with than large companiesthey are more nimble and flexible than large companies.they are less sensitive to changing trends than large companies. PreviousNext