Small organizations usually can compete effectively with large organizations in industries in which economies of scale are not significant.

Question

Quizplus · Accepted Answer

Small organizations can specialize in niche markets, focus on providing personalized services, and quickly adapt to changes in the market, which can give them a competitive advantage over large organizations that may have high overhead costs and slower decision-making processes. However, in industries where economies of scale are significant, large organizations may have a cost advantage that makes it difficult for small organizations to compete.

Small Organizations Usually Can Compete Effectively with Large Organizations in Industries