ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Overseas buyers often enjoy dealing with individuals rather than with large corporate bureaucracies
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small corporations can begin shipping faster
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Small companies can provide a wide variety of suppliers
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Small companies can give customers personal service and undivided attention
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Detailed explanation-1: -Big businesses can at times offer lower prices and better-serve large customers. However, bigger is not always better. Small businesses fill niches that their larger competitors often overlook and can serve customers more directly and with greater flexibility than their larger competitors.
Detailed explanation-2: -Adaptability. Business is all about people, and small businesses have the advantage of knowing each and every client really well. They have the ability to be flexible and adapt to customers’ needs, including more easily introducing new services and products depending on the client’s needs.
Detailed explanation-3: -Faster Decision Making Process. Targeting Niche Markets. Empower and Develop Your Team. Personalize Customer Service. Access Leaders Directly. Prioritize Your Local Community. Innovate Faster. Make Your Mark. More items •06-Dec-2021
Detailed explanation-4: -Independence. As a business owner, you’re your own boss. Lifestyle. Owning a small business gives you certain lifestyle advantages. Financial rewards. Learning opportunities. Creative freedom and personal satisfaction.