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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more personal customer service
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ability to respond quickly to opportunities
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more capital and less expenses
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better efficiency
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Detailed explanation-1: -Small businesses are more nimble than larger businesses, and are better able to adapt as market conditions change. Because a small business is closer to its customers, it is in a better position to hear feedback and observe changing preferences.
Detailed explanation-2: -While small companies can’t always compete with large companies on pricing and product choice, they can often bring new services to market faster than larger firms. Major companies can get bogged down by corporate processes and red tape, giving SMEs a window of opportunity.
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: -Small businesses can offer a more personalized and customized service. Your small business likely exists because larger companies are not serving customers effectively. Big-name companies often need to focus on consistency, whether it is internal with staff or external to customers. More items •22-Jul-2019