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:

Vertebrates

Animals that have a backbone or spinal column, which includes mammals, birds, reptiles, amphibians, and fish.

Amphibians

A group of cold-blooded vertebrates known for living both in water and on land at different stages of their life - including frogs, salamanders, and newts.

Metamorphosis

Dramatic remodeling of body form during the transition from larva to adult.

Desiccation

The process of extreme dryness or the removal of moisture, which can lead to the drying out of living organisms and ecosystems.