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:

Family Therapy

A type of psychological counseling that helps family members improve communication and resolve conflicts.

Emotional Barriers

Internal psychological or emotional blocks that hinder a person's ability to communicate effectively, empathize, or form healthy relationships.

Erikson's Stage of Development

A theory of psychosocial development detailing eight stages through which a healthily developing human should pass from infancy to late adulthood.

Psychosocial Crisis

A critical turning point in an individual's development when a specific psychosocial challenge must be addressed and resolved.