One Way a Small Firm Can Succeed Against Larger Competitors

question 251

Multiple Choice

One way a small firm can succeed against larger competitors is to

• A) determine their break-even point price.
• B) add value to their product offering.
• C) eliminate the fringe benefits offered to frequent customers.
• D) use break-even segmentation.

---

Definitions:

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility and enhance plant growth.

Agricultural Product Demand

The desire and ability of consumers to purchase agricultural goods, influenced by factors such as price, income levels, and personal preferences.

Year-to-Year Instability

The fluctuation in an economic or financial metric on an annual basis.

Farm Employment

Employment related to agricultural activities including both farming and related work such as processing and distribution.