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:

Skin Tones

The natural color of human skin which varies widely among individuals and is often categorized in social terms.

Native Americans

Indigenous peoples of the United States, including numerous tribes, who were the original inhabitants of the land prior to European colonization.

Permanently Enslaved

Refers to individuals who were subjected to slavery with no possibility of freedom, historically applicable in contexts such as chattel slavery.

Indigenous People

Refers to ethnic groups who are the original inhabitants of a given region, maintaining traditions or other aspects of an early culture that is associated with a given area.