When Small Businesses Compete with Large Firms, a Main Disadvantage

question 61

Multiple Choice

When small businesses compete with large firms, a main disadvantage is

• A)analyzing unusual or unique competitive factors.
• B)operating at a cost level.
• C)lacking flexibility.
• D)reaching break-even point quicker.

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Definitions:

Organization's Management

The group of individuals responsible for overseeing the operations and making strategic decisions within an organization.

Monitor

To observe and check the progress or quality of something over a period of time; to keep under systematic review.

Human Resource Department

The department within an organization that is responsible for managing employment-related functions including recruitment, training, and performance evaluation.

Unionization Effort

Activities undertaken by workers and/or unions to organize employees within a workplace, aiming to gain representation rights and negotiate collectively.