Small and medium-size companies lack the competitive advantage to compete with large multinational corporations and therefore have little to contribute to the international marketplace.

Question

Quizplus · Accepted Answer

This statement is false. Small and medium-sized companies can have a competitive advantage in niche markets or by being more agile and flexible than larger corporations. They can also contribute to the international marketplace through innovation and unique products or services.

Small and Medium-Size Companies Lack the Competitive Advantage to Compete