The Distinctive Competencies of Small Business Usually Fall into Three

question 64

Short Answer

The distinctive competencies of small business usually fall into three areas: the ability to identify new niches in established markets,the ability to identify new markets,and the ability to move ____________________.

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Definitions:

Nonrival

A characteristic of a good whereby one individual's consumption of the good does not reduce its availability for consumption by others.

Netflix

An American streaming service and production company that offers a wide variety of television shows, movies, anime, documentaries, and more on thousands of internet-connected devices.

Public Good

A non-excludable and non-rivalrous good that can be consumed by everyone, such as public parks or national defense.

Court of Law

A court of law is a tribunal where disputes are settled, and justice is administered, involving legal proceedings and decision-making by judges or magistrates.