Question

Which of the following is an advantage a small business has over a larger competitor?

A) Economies of scale
B) Greater brand recognition
C) Flexibility and adaptability
D) Access to vast resources

Answer 1

The advantage a small business has over a larger competitor is flexibility and adaptability.

Step-by-step explanation:

The advantage a small business has over a larger competitor is flexibility and adaptability. Small businesses are often able to respond quickly to changes in the market, adjust their strategies, and meet the specific needs of their customers. This flexibility allows them to be more agile and innovative compared to larger competitors.