Small firms often rely on nonprice competition when competing against larger firms.

Name: Small firms often rely on nonprice competition when competing against larger firms.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Small firms may not be able to compete with larger firms on price, so they often differentiate themselves through nonprice competition, such as offering better customer service, unique products or services, niche expertise, or personalized attention.

Small Firms Often Rely on Nonprice Competition When Competing Against