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:

Workplace Injuries

Injuries that occur in the work environment due to accidents or occupational hazards.

Customer Service

The support and assistance provided by a company to those who buy or use its products or services.

Training Commitment

The dedication and effort an organization or individual is willing to invest in the development and implementation of training programs.

Total Quality Management

A management approach focused on continuous improvement of products, services, and processes by considering the input of all members of an organization.