0
Why is it that small business is more effective than big business in small or isolated markets?
Wiki User
∙ 13y ago
There are several factors that contribute to this. Much lower cost of operation (overhead), the mom & pop feeling which usually equals a warmer quality of service and a caring feeling and the simple fact that the local buyers love to buy from their fellow townspeople.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How did methods such vertical and horizontal consolidation and factors such as economies of scale help companies dominate their markets?
Vertical consolidation and factors such as economies of scale will help companies dominate their markets because more people will buy what a big business sells because it will cost less. Poor people will be able to buy the product because it will be cheap like a dollar instead of going to a small business's were it would cost twice as much.
Is profit the only business of business?
profit is not a business of business .But the business runs with a small inception of profit
Advantages and disadvantages of being a small business?
Another advantage of having a small business is greater profitability
What is the average electric bill for a small business?
What is the average cost of electricity per month for a small business?
Why are small businesses so important to your economy?
Small businesses are vital in today's economy because many of the revenue obtained by the government are from business taxes. In addition, since we are currently in a Global Financial Crisis which is affecting nearly everyone around the world, the existence of small businesses can stimulate the economy and hopefully improve the economies all around the world. Finally small businesses are important because it can provide more job opportunities for people so that the unemployment rate is low.
Why is it that small business is more effective than big business in small isolated markets?
There are several factors that contribute to this. Much lower cost of operation (overhead), the mom & pop feeling which usually equals a warmer quality of service and a caring feeling and the simple fact that the local buyers love to buy from their fellow townspeople.
What are key customer markets?
•Consumer markets •Business markets •Global markets •Nonprofit/Government markets
When compared to consumer markets business markets are?
Verizon Business Markets provides the best Broadband and Voice products, solutions and services in support of America's growing Small & Medium Business community. utt.ly/tQmzRQa c
Verizon Business Markets provides the best Broadband and Voice products, solutions and services in support of America's growing Small & Medium Business community?
Verizon Business Markets provides the best Broadband and Voice products, solutions and services in support of America's growing Small & Medium Business community. cutt.lyTWpPWZs
wath is a best Verizon Business Markets?
VERIZON BUSINESS DEALS Verizon Business Markets provides the best Broadband and Voice products, solutions and services in support of America's growing Small & Medium Business community. 2u.pw/L8YqZ
Will Verizon go out of business?
Verizon Business Markets provides the best Broadband and Voice products, solutions and services in support of America's growing Small & Medium Business community. .ly/EmPRn5w
Verizon Business Markets?
Verizon Business Markets provides the best Broadband and Voice products, solutions and services in support of America's growing Small & Medium Business community. utt.ly/tQmzRQa c
What budgeting and forecasting software is available for pet businesses?
The size of the business dictates what kind of software can be used. If the business is small, then small-business software such as PlanGuru can be effective.
What are the aspects and importance opportunities in international entrepreneurship?
International entrepreneurship help small business diversify their revenues. By diversifying revenues, small business owners can be more competitive in local markets.
What accounting software is recommended for small business?
Some of the accounting businesses software for a small business is ADP. It is one of the most cost effective inexpensive brand used for a small business when it comes to accounting.
Is Verizon Communications a Conglomerate?
Verizon Business Markets provides the best Broadband and Voice products, solutions and services in support of America's growing Small & Medium Business community. 2u.pw/tK7B7
How can small business networking be beneficial?
Small business networking is beneficial because it is a cost effective way to grow your business. Networking is something that can help close a sale, expand your market, or land a lead, which is how one would grow their small business.
