Studies have shown that unlike big firms, small and medium-sized firms tend to seek out the market niches that big companies are overlooking be reactive and wait for opportunities to come to them achieve economies of scale by being strong in the domestic markets

Ateam of engineers has decided to design a new shoe for people suffering from a painful foot condition. what should the engineers do during the planning stage of their project? a. look at the trial's results to see how the design can be improved. b. build a variety of shoe models. c. have patients wear the new shoe in an experimental trial to see if symptoms improve. d. estimate how much potential consumers would be willing to pay for this new shoe.

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.

What business practice contributed most to andrew carnegie’s ability to form a monopoly?