Using the Analogy of Boulders Vs

question 156

Multiple Choice

Using the analogy of boulders vs. sand for filling a hole, the textbook points out that

• A) small businesses are employing a record number of employees because they have to work twice as hard at producing the same amount of output as a large competitor.
• B) small businesses can serve niche markets that larger firms do not serve well.
• C) the sand represents the small businesses that start and fail each year, while the boulders represent the large companies whose resources permit them to stay the course.
• D) large companies serve market niches so much better than small companies.

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Definitions:

Unit Conversions

The process of converting between different units of measurement.

Physical Contents

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Key Terms

Essential words or phrases that are crucial in understanding a particular subject or field.

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Written material that provides information on scientific topics, theories, and empirical data.