If a Small Firm Is to Maintain Its Performance Over

question 106

Multiple Choice

If a small firm is to maintain its performance over time, it is most essential to

• A) continue to reinvent itself.
• B) extend the competitive advantage of the firm.
• C) replicate the strategies that have led to success in the past.
• D) retain the personnel who made the firm successful in the first place.

---

Definitions:

Peanut Butter

A spread made from ground, roasted peanuts, often used in sandwiches and as a cooking ingredient.

Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to market balance.

Buyers

Entities or persons that buy products or services.

Sellers

Individuals or entities that offer goods or services for sale to consumers or other businesses in the market.