Small Businesses Have a Natural Advantage Over Large Competitors When

question 35

Multiple Choice

Small businesses have a natural advantage over large competitors when it comes to developing a strategy for competitive advantage because small businesses have all these except:

• A)fewer product lines.
• B)better-defined customer base.
• C)access to more capital.
• D)specific geographic market area.

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Definitions:

Multidivisional Structure

An organizational arrangement where a company is divided into semi-autonomous divisions, each focusing on a particular operational area or product line.

Geographic

Refers to anything related to the physical features of an area or the distribution of things over the Earth.

Product

An item or service created through a process and offered in the market to satisfy a need or desire.

Divisional Structure

An organizational layout where operations are grouped based on divisions, which could be product lines, geographical areas, or customer markets.