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What are the general strengths small businesses have?

Updated: 8/17/2019
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15y ago

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generally small business have smaller overheads, but their main competitive advantage is the speed at which they can react to economic circumstances. most small businesses have a single owner and if policies need to be changed or decisions made, it is normally done quickly. large companies have a more complicated organogram and so decisions need to go through more people and take loner to make.

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