Which of the Below Best Describes the Competitive Tendencies of Small

question 63

Multiple Choice

Which of the below best describes the competitive tendencies of small firms?

• A) Small firms tend to signal their competitive actions long before they launch those actions because they lack legitimacy in the marketplace.
• B) Small firms typically have more resources available as they undertake competitive attacks than do large firms.
• C) Small firms are more nimble and can respond quickly to competitive attacks.
• D) Small firms are more nimble and cannot respond quickly to competitive attacks.

---

Definitions:

Cocktail Party Effect

The brain's ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, as when one hears their name in a noisy room.

Driving

The act of controlling and operating a vehicle, typically an automobile, as a means of transportation from one location to another.

Inattentional Blindness

A psychological phenomenon whereby an individual fails to perceive an unexpected stimulus in plain sight, due to the focus of attention elsewhere.

Selective Attention

The cognitive process of focusing on one particular object or task in the environment while ignoring other irrelevant stimuli.