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One advantage of a small business is that it can introduce a new product in a short period of time. true or false

User AmmarCSE
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1 Answer

4 votes

Answer:

True

Step-by-step explanation:

  • Large companies requires R&D before investing in a new product, which quite expensive, because they are liable to provide the best product as they own a large profitable company, customers expectations will be huge.
  • In contrast, small companies doesn't require to invest in screening, testing, or anything else, they are situated in a local area, and whatever they will introduce will be accepted by their small number of customers. So, they won't waste much time to launch a new one.
User Alium Britt
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