A small firm's ability to identify and manipulate the ________ in its business determines its ability to compete effectively.

Question

Quizplus · Accepted Answer

Key success factors are the critical internal and external factors that determine a small firm's ability to succeed in its industry. By identifying and manipulating these factors, a small firm can gain a competitive advantage over its rivals. Examples of key success factors include product quality, customer service, brand recognition, and supply chain efficiency. Therefore, A is the best choice for this question.

A Small Firm's Ability to Identify and Manipulate the ________