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Small and medium-sized firms are often better prepared to leap into global markets because they:Multiple choice question.can react quickly to opportunitieshave less educated workershave less to lose than large multinationalshave more liquid assets

Question

Small and medium-sized firms are often better prepared to leap into global markets because they:Multiple choice question.can react quickly to opportunitieshave less educated workershave less to lose than large multinationalshave more liquid assets

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Solution

Small and medium-sized firms are often better prepared to leap into global markets because they can react quickly to opportunities. This is due to their smaller size, which allows for more flexibility and adaptability compared to large multinationals. They can make decisions and implement changes more quickly, which is crucial in the fast-paced global market.

Having less educated workers, having less to lose than large multinationals, or having more liquid assets do not necessarily make small and medium-sized firms better prepared for global markets. Education level of workers is not a determinant of a company's ability to go global. While it's true that smaller firms might have less to lose, this doesn't inherently make them more prepared. Similarly, having more liquid assets could potentially help a company expand, but it's not a direct indicator of preparedness for entering global markets.

Therefore, the ability to react quickly to opportunities is the key factor that often makes small and medium-sized firms better prepared to leap into global markets.

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