When Comparing Small Businesses to Their Larger Competitors, It Is

question 16

Multiple Choice

When comparing small businesses to their larger competitors, it is clear that

• A) bigger is always better.
• B) small firms can always outperform big firms on a level playing field.
• C) small firms often can offer more personalized customer services than big firms.
• D) small firms are slower to respond to opportunities than are large firms.

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Definitions:

Organization's Design

Refers to the structured arrangement of roles, responsibilities, and processes within an organization to achieve its goals efficiently.

Communication

The act of conveying information, ideas, emotions, or instructions through verbal, nonverbal, written, or visual means between entities.

Goals

Targets or outcomes that a person or an organization aims to achieve through planned actions.

Virtual Organization

An organization that operates primarily through electronic communication without a fixed physical location.