Choosing Not to Respond to the Competitive Actions of Large

question 29

True/False

Choosing not to respond to the competitive actions of large companies with great resources is a viable long-term option for small companies.

---

Definitions:

Lump Sum Payment

A lump sum payment is a large payment made in one single payment instead of broken down into installments.

Leisure

Time spent away from work and essential domestic activities, often used for relaxation, recreation, or other personal interests.

Leisure

Time available for ease, relaxation, and activities one chooses to engage in beyond compulsory activities like work or chores.

Consumption

The use of goods and services by households or individuals, constituting one of the primary components of economic activity.