Small Businesses Can Compete with Larger Rivals with Bigger Budgets

question 76

Multiple Choice

Small businesses can compete with larger rivals with bigger budgets by employing unconventional,low-cost creative techniques known as:

• A)market research.
• B)astonishing customer service.
• C)guerrilla marketing techniques.
• D)psychographics.

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Definitions:

Nonwrongfully Dissociated

Pertaining to partners or members leaving an entity like a partnership or limited liability company under conditions that do not violate the agreement or law.

Extraordinary Decision

A decision that goes beyond normal or routine operations, often requiring a higher level of authority or consent within an organization.

Unanimous Partner

This term likely relates to the requirement in some partnership agreements that all partners must agree on certain decisions, although it is not a standard legal term.

Firm's Goodwill

An intangible asset representing the value of a business's brand, customer base, and reputation beyond its tangible assets.