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List two advantages that corporation have over a small business
Raw material discountsReduction of unit costSpecialistsBetter production methods(OW)
A small business can compete with a large corporation in international market due to their ease to make use of the Internet and their flexibility as opposed to the rigid practices of large corporations.
There are several examples of how individuals and businesses specialize. For instance, some small business focus only on individual consumers rather than large corporations.
Large corporations have the funds to buy and maintain large livestock ranches and large farmlands. Because of their size, the corporations benefit from economy of scale. That means they can sell their products at a lower price than small farmers and small ranches. This is a huge handicap in competing with a large company.
List two advantages that corporation have over a small business
Raw material discountsReduction of unit costSpecialistsBetter production methods(OW)
A small business can compete with a large corporation in international market due to their ease to make use of the Internet and their flexibility as opposed to the rigid practices of large corporations.
Both a small business and corporation are companies that employ people and operate as businesses. A corporation is often considered to be a large business but there is no standard definition when a business is 'small', 'medium' or 'large'. Typical definitions for small, medium and large businesses are done by the number of employees 1-100: Small 100-1000: Medium 1000+ : Large Businesses with less than 10 people are sometimes called 'micro' businesses or 'SoHo' businesses ('Small Office-Home Office') Corporations often consist of a group of companies, rather than just a single company, so that is an alternative distinction. Companies can grow into corporations but the process can reverse when corporations become too large and start to decline (see linked reference)
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Large corporations have the funds to buy and maintain large livestock ranches and large farmlands. Because of their size, the corporations benefit from economy of scale. That means they can sell their products at a lower price than small farmers and small ranches. This is a huge handicap in competing with a large company.
There are several examples of how individuals and businesses specialize. For instance, some small business focus only on individual consumers rather than large corporations.
Some small business knowledge management software programs include Interspire Knowledge Management Software and KM software by Enterprise. These are both used by individuals, business, and large corporations.
A Small Business is a privately owned business normally corporations, sole proprietorship or partnership. Most of the Small Businesses have a small number of employees. I hope this will help. :)
Checkbooks are utilized by large corporations, large and small businesses, and individuals.
A small business is a business that is privately owned and operated with a small number of employees.Small businesses are normally privately owned corporations, partnerships, or sole proprietorships.
There are many advantages and disadvantages of a small business. Advantages of a small business include being unique and getting to know local customers. Disadvantages include lack of financing and having to compete with bigger businesses.