A Recent Survey by the NFIB Found That 41 Percent

question 103

True/False

A recent survey by the NFIB found that 41 percent of small business owners say that the lack of capital is an impediment to the growth of their companies.

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Definitions:

Retrenchment

A corporate strategy that involves reducing the size or scope of a company's operations, often through layoffs or the sale of assets, as a way to become more financially stable.

Scale and Mix of Operations

Refers to the size, scope, and combination of processes or activities carried out within an organization to produce goods or deliver services.

Differentiation Strategy

Differentiation strategy is a marketing approach in which a company develops and promotes products that distinguish themselves from those of competitors on the basis of attributes like design, quality, or performance.

Competitive Advantage

The unique attributes or circumstances that allow an organization to outperform its competitors, either through lower costs, better quality, or distinctive products or services.