ut ofuestionon 2HWhich of the following could be considered adisadvantage for a small business?Select one:O a. The owner has made a significant personalcommitment.O b.Oc.O d. Service that is more personalized.Greater flexibility.Increased ability to serve niche markets.You see an opportunity to start a business on aWMSFT +1.51%

Small businesses face a unique set of advantages and challenges in today's competitive marketplace.…

Answered: Which of the following could be…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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48 A company’s business always affects with the age, gender, race and ethnic heritage of the customers. Identify, which dimension of business does the above statement belongs to: a. Political dimension b. Socio cultural dimension c. All of the options d. Economical dimension
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You are the manager of a restaurant located at a place which is crowded by many other restaurants offering similar menu options. After conducting some research, you find out that the only way to achieve success in such a place is to differentiate your overall offering. Identify few key differentiating factors and explain how these factors would help differentiate your overall offering from that of your competitors.
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When a marketing department plans a new strategy, they typically will _____. Group of answer choices create a plan in unity with finance, sales and the company’s overall strategy rely on the sale team to direct them develop the plan and then share it with the rest of the company tie the strategy to the company’s overall strategy
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What makes information useful? And how does usefulness relate to value? Can useful information not be valuable? Should all companies strive to achieve level 5 of business process maturity? How should a company decide? What is so new and different about blockchain technology? What is the difference between a data warehouse, data mart, and a data lake?
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Which of the following could be considered a disadvantage for a small business? Select one: O a. The owner has made a significant personal commitment. O b. Greater flexibility. O C. O d. Increased ability to serve niche markets. Service that is more personalized.