Small and Medium Size Firms Can Offset the Disadvantages of Their

question 36

Multiple Choice

Small and medium size firms can offset the disadvantages of their size by:

• A)Exploiting their flexibility
• B)Avoiding the difficulties of coordination and motivation often associated with a large size
• C)Not basing their competitive advantage on low cost.
• D)Amalgamating.

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Definitions:

Majoritarian Politics

A political philosophy or agenda that asserts the majority's right to make decisions that affect the society, often at the expense of minority opinion or rights.

Types of Taxes

Refers to the various ways in which governments generate revenue from individuals and businesses, including income tax, sales tax, property tax, and more.

Tax Policy

The principles and laws enacted by governments to collect revenues through taxes from individuals and businesses.

Elite Democrats

Members of the Democratic Party in the United States who hold significant power, influence, or status within the party or society.