All Competitive Advantages Do Not Accrue to Large-Sized Firms

question 45

Multiple Choice

All competitive advantages do not accrue to large-sized firms.A major advantage of smaller firms is that they:

• A) are more likely to have organizational slack.
• B) can launch competitive actions more quickly.
• C) have more loyal and diverse workforces.
• D) can wait for larger firms to make mistakes in introducing innovative products.

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Definitions:

Phenylketonuria

A genetic disorder characterized by an inability to metabolize the amino acid phenylalanine, leading to brain and developmental issues.

Phenylalanine

An essential amino acid that is a precursor to neurotransmitters including dopamine, norepinephrine, and epinephrine.

Phenylketones

Organic compounds containing a phenyl group attached to a ketone group, often discussed in the context of phenylketonuria, a metabolic disorder.

Tachypnea

An abnormally high rate of breathing, which may be indicative of respiratory distress or other health issues.