Because of Their Organizational and Managerial Flexibility,small Businesses Often Can

question 45

True/False

Because of their organizational and managerial flexibility,small businesses often can detect and act on new opportunities faster than large companies.

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Definitions:

Logistics Department

A division within a company or organization responsible for managing the movement and storage of goods, services, and information.

Variable Costs

Expenses that change in proportion to the production or sales levels, including labor and materials.

Fixed Costs

Expenses that do not change with the level of production or sales activities within a certain range or time period, like rent or salaries.

Sensor Division

A specialized unit within a company focused on the development, production, and sale of sensor technology.