Whatever their long-term competitive advantages, small firms should try to match the prices of their larger competitors.

Name: Whatever their long-term competitive advantages, small firms should try to match the prices of their larger competitors.
Brand: Quizplus
Rating: 4.7 (42 reviews)

Question

Quizplus · Accepted Answer

Small firms often cannot achieve the same economies of scale as larger competitors, making it difficult to match their prices without sacrificing margins. Instead, they may focus on differentiation, customer service, or niche markets to compete.

Whatever Their Long-Term Competitive Advantages, Small Firms Should Try to Match