Small Businesses Can Potentially Have More Advantages Than Larger Businesses

question 46

Multiple Choice

Small businesses can potentially have more advantages than larger businesses in the global economy because

• A)Small companies can change quickly to take advantage of opportunities in new markets.
• B)Larger companies have more slack resources to absorb risk.
• C)Small companies require a lot of travel from their CEOs.
• D)Small companies have more access to resources.

Grasp the significance of the social entertainment zone and its components within social media.

Recognize the importance of Social CRM in enhancing customer relationships and utilizing collective intelligence for organizational benefit.

Identify the different facets of social commerce, including social shopping and marketplaces.

Understand niche and micromarkets, and the evolution of marketing strategies to target specialized consumer groups.

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Definitions:

Interest Earned

The income received from various forms of investments, such as savings accounts, bonds, or loans.

Credit Side

The right side of an account in double-entry bookkeeping, where increases in liabilities, equity, and revenue are recorded.

Debit Side

The debit side of an account records increases in assets or expenses and decreases in liabilities, equity, and income.

T Account

A visual representation of a general ledger account that helps in understanding the effects of transactions on each account.