Smaller local firms can often exhibit greater flexibility in their pricing to hold on to market share.

Name: Smaller local firms can often exhibit greater flexibility in their pricing to hold on to market share.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Smaller local firms have lesser bureaucracy and can hence adapt to changes more easily. This leads to greater flexibility in their pricing strategies compared to larger firms, which are often slower to respond and more restricted by their larger size and corporate structure.

Smaller Local Firms Can Often Exhibit Greater Flexibility in Their