Final answer:
The similarity of best practices for small to medium-sized businesses and large multinational companies depends on context, but focusing on core competencies is a common successful strategy across all sizes of businesses.
Step-by-step explanation:
The question of whether a best practice for a small to medium-sized business would be similar to one used by a large multinational company is not strictly a matter of true or false. It would depend on the context and the nature of the control strategies being designed. However, there are underlying principles that are universally applicable to businesses regardless of their size. One of those principles is the focus on core competencies, which suggests that businesses tend to succeed when they specialize in a limited range of products or services. Both small and multinational businesses can benefit from concentrating on their strengths and reinvesting profits to grow, which can include investing in new plants, equipment, or personnel. Business mergers and international opportunities through globalization are additional factors that can influence both small and multinational companies, albeit the scope and scale may differ significantly.