Which of the Following Is a Strategic Advantage of Small

question 36

Multiple Choice

Which of the following is a strategic advantage of small businesses and entrepreneurial ventures over larger businesses?

• A) Willingness to take risks
• B) Seek out new opportunities
• C) Respond quickly to changing conditions
• D) Strategic goals are profitability and growth
• E) None of the answer choices is correct.

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Definitions:

Mental Set

A tendency to approach problems in a particular way, often based on past experiences, which may limit the ability to find solutions.

Noncompensatory Modeling

Noncompensatory Modeling is a decision-making strategy where alternatives are evaluated on key criteria, and an option is selected without making trade-offs among these criteria.

Latent Learning

Learning that remains hidden until its application becomes useful.

Creativity

The process of solving problems by combining ideas or behavior in new ways.