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.

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Definitions:

Cell

The basic structural, functional, and biological unit of all living organisms, or a device that converts chemical energy into electrical energy in a battery.

Specific Gravity

A dimensionless number that describes the ratio of the density of a substance to the density of a reference substance, typically water at 4 °C.

Acid

A chemical substance that donates protons or accepts electrons and has a sour taste.

Water

A ubiquitous chemical substance with the formula H2O, essential for all known forms of life and used as a solvent among its numerous roles.