GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You will likely pay more for a product or service from a small company than from a large one.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The advantage that large firms have is that typically, they are more established and have greater access to funding. They also enjoy more repeat business, which generates higher sales and larger profits than smaller scale companies.
Detailed explanation-2: -Innovate Faster Less bureaucracy is one major competitive advantage that small businesses have over large ones. Small businesses tend to have fewer decision-makers, which makes decision-making faster.
There is 1 question to complete.