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Why do firms choose to remain small in an economy dominated by large firms?

      

Give reasons why firms choose to remain small in an economy dominated by large firms.

  

Answers


Maurice
(i) Belief that a small firm is more manageable.

(ii) Rising cost of production.

(iii) Need to retain control.

(iv) Legal constraints.

(v) Size of the market.

(vi) Nature of the market.

(vii) Simplicity of the organization.

(viii) Flexibility of small firms.

(ix) Quick decision making.
maurice.mutuku answered the question on June 30, 2017 at 12:20


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