To Maintain It Performance, the Small Business Must Launch a New

question 93

Multiple Choice

To maintain it performance, the small business must launch a new competitive advantage

• A) and keep that competitive advantage alive.
• B) and make adjustments to that competitive advantage over time.
• C) that rival firms can see and respond to.
• D) before the current strategy has run its course.

---

Definitions:

Variable Cost

Costs that change in proportion to the level of activity or volume of production, such as materials and labor.

Fixed Cost

Expenses that do not change in relation to production volume, such as rent, salaries, and insurance premiums.

Theory of Constraints

A methodology that focuses on identifying and managing the most significant limiting factor (constraint) that stands in the way of achieving a goal.

Recognizing Constraints

The process of identifying and acknowledging the limitations or restrictions that impact the efficiency and effectiveness of a system, project, or process.