When Comparing Small Businesses to Their Larger Competitors, It Is

question 16

Multiple Choice

When comparing small businesses to their larger competitors, it is clear that

• A) bigger is always better.
• B) small firms can always outperform big firms on a level playing field.
• C) small firms often can offer more personalized customer services than big firms.
• D) small firms are slower to respond to opportunities than are large firms.

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Definitions:

Corporate Citizenship

Refers to a company's responsibilities toward society. This concept emphasizes the importance of acting in a socially responsible manner that goes beyond profit-making.

Fiduciary Duties

Refers to the obligations of loyalty and care that fiduciaries owe to their clients or beneficiaries, ensuring their best interests are prioritized.

Ethical Audit

A systematic evaluation of an organization's ethical policies, practices, and culture to assess compliance with ethical standards and identify areas for improvement.