Answer:
True.
Explanation:
It is true that large firms with significant slack resources but who remain flexible and act like small firms will be more successful against rivals.
Larger firm with significant high resources need to manage these resources with additional responsibility and there is a high risk of these resources to be remain unutilized or inappropriatly used, which may affect the company´s growth and does not remain flexible in taking risk, however, they can take greater number of competitive actions.
Small firm with lesser resources and less liability help them to be flexible and can take higher risk to be competitve in the market. They learn to optimum utilize the resources and plan new strategy that help them to be more successful against rivals. They are called "Dark horses" in the market.
Answer:
False
Explanation:
The internal users of financial information are those people with an organisation that makes use of financial information.
they include :
- The board of directors
- Employees
- Managers.
The external users of financial information are those who aren't within an organisation that makes use of financial information.
They include :
- Investors
- Lenders
- Government
- Regulatory bodies
External users of financial information use financial information in making decisions of whether to invest in or lend to a company
Answer: the Prime Cost of a product is a Sum of Direct material Cost consumed and Direct labor Cost consumed for the production of the goods. They are called prime because primarily these costs share the base and major role in the production of any goods.
Explanation:
Because together they get the job done .
Answer:
if it is only one answer then it is E. Responsibility and if to answers it is E. Responsibility and A. Specialization
Explanation:
they both symbolize business
