Question

In general, small firms are more likely than large firms to launch competitive actions and tend to do it more quicklyTrue/False

Answer 1

Small firms are more likely than large firms to launch competitive actions and tend to do it more quickly.

Step-by-step explanation:

In general, small firms are more likely than large firms to launch competitive actions and tend to do it more quickly.

Small firms often have advantages such as flexibility, agility, and the ability to make swift decisions. They have less bureaucracy and can respond faster to market opportunities. Large firms, on the other hand, may have more resources and economies of scale but can be slower in decision-making.

For example, small tech startups are often known for their ability to quickly develop and launch innovative products and services to compete with larger tech giants.