Question

Refer to Section 5-4. Discuss in your own words how entrepreneurs can compete against major companies....

Refer to Section 5-4. Discuss in your own words how entrepreneurs can compete against major companies. What advantages do entrepreneurs and their businesses have?

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Entrepreneurs can compete against major companies by:

  • Providing Excellent Customer Service
  • Innovation
  • Improved Efficiency
  • Personal Bond with the Customers
  • Local Reputation
  • Tapping into Niche Markets
  • Attract the Best Workforce

Adaptability, usually strong staffing, and the capacity to form close relationships with consumers are among the key benefits of small businesses. The digital communication revolution has significantly reduced the cost of contacting consumers, and this has been a blessing to small businesses.

Sincerely request you to please give me an upvote. Thanks in advance.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Discuss what this quote means in your own words in 4-5 sentences."Youth with disabilities need to...
Discuss what this quote means in your own words in 4-5 sentences."Youth with disabilities need to redefine what their diagnosis means to them and one way they can do that is through experiencing disability culture and disability pride."
Discuss critically, in your own words, whether the burst of the dotcom bubble can be interpreted...
Discuss critically, in your own words, whether the burst of the dotcom bubble can be interpreted as evidence against efficient markets?
Discuss in your own words how regression towards the mean can cause incorrect conclusions to be...
Discuss in your own words how regression towards the mean can cause incorrect conclusions to be drawn about the effectiveness or otherwise of accident reduction measures.??
In your own words, discuss the phenomena of “men on the down low” and how this...
In your own words, discuss the phenomena of “men on the down low” and how this translates to higher HIV infections in the heterosexual (largely African American and Hispanic) female communities (“down low” refers to men who secretly have sex with other men, yet do not consider themselves to be g ay or bisexual).
Question 4: (25 marks) 300 words Discuss in your own words the challenges retail buyers face...
Question 4: 300 words Discuss in your own words the challenges retail buyers face to reach their objective, with relevant examples.
1. Explain in your own words why full employment is not defined as zero unemployment? 2....
1. Explain in your own words why full employment is not defined as zero unemployment? 2. Explain in your own words why Congress choose 3% inflation rather than zero inflation as benchmark for price stability? 3. Illustrate (make a diagram) and briefly discuss the major macro outcome and their determinants. 4. Explain in your own words how Classical and Keynesian macro views differ. 5. Explain in your own words why aggregate demand curve is downward sloping? Include graph with your...
In your own words discuss the open system approach to team working and how it leads...
In your own words discuss the open system approach to team working and how it leads to creating successful teams in business (500 words or more with references)
part 1 ln your own words, define the term delegation. discuss the five (5) rights of...
part 1 ln your own words, define the term delegation. discuss the five (5) rights of delegation. who is involved in delegation? is the delegator acceptable for the tasks that he/she delegates? explain your answer.
In your own words give an explanation of the basis used to decide on whether a...
In your own words give an explanation of the basis used to decide on whether a process should be designed as batch or continuous operation? In the context of the selected process for your project, in your own words 1. describe the basis of any decision made around recycle streams and, 2. explain what are the key variables associated to the recycles. In the context of the selected process for this project, explain where and how did you apply principles...
In your own words discuss the following- What do you feel is the most important component...
In your own words discuss the following- What do you feel is the most important component in the development and maintenance of a successful professional identity? What steps will you take to develop this component in your professional life?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT