Multiple Choice
Small and medium size firms can offset the disadvantages of their size by:
A) Exploiting their flexibility
B) Avoiding the difficulties of coordination and motivation often associated with a large size
C) Not basing their competitive advantage on low cost.
D) Amalgamating.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: Residual efficiency:<br>A)Is defined as the remaining unit
Q32: Three main sources generate economies of scale:<br>A)Specialization,
Q33: With regard to cyclical and structural excess
Q34: Examples of "knowledge-intensive" industries are:<br>A)Investment banking<br>B)Management consulting<br>C)Engineering-based
Q35: Even where competitive advantage is not primarily
Q37: The cost reduction to be achieved through
Q38: The experience curve can be defined as:<br>A)A
Q39: The experience curve concept became a popular
Q40: Designing products for ease of production and
Q41: The identification by a firm of its