Many Small Firms Seek to Establish a Particular Niche in the Market

question 184

Multiple Choice

Many small firms seek to establish a particular niche in the market, realizing that they cannot afford to operate on a larger scale without exposing themselves to considerable risk of retaliation from larger companies. When a number of small businesses are operating in this manner, they are forcing the larger businesses to recognize and account for their influence on the market. In this way, small businesses are primarily

• A) fostering competition.
• B) providing technical innovation.
• C) creating jobs.
• D) satisfying the needs of other businesses.
• E) avoiding competition.

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Definitions:

Active Transport

The movement of molecules across a cell membrane from a region of lower concentration to higher concentration, requiring energy.

Uric Acid

A waste product formed from the breakdown of purines, excreted in urine.

Ammonia

A compound of nitrogen and hydrogen with the formula NH3, it is a colorless gas with a characteristic pungent smell and is used in many industrial processes.

Spiders

Arachnids distinguished by their ability to spin webs using silk produced from spinnerets at the rear of their abdomen.