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Art [367]
2 years ago
11

Many small firms seek to establish a particular niche in the market, realizing that they cannot afford to operate on a larger sc

ale without exposing themselves to considerable risk of retaliation from larger companies. When a number of small businesses are operating in this manner, they are forcing the larger businesses to recognize and account for their influence on the market. In this way, small businesses are primarily ___________.A) fostering competition.
B) providing technical innovation.
C) creating jobs.
D) satisfying the needs of other businesses.
E) avoiding competition.
Business
1 answer:
Karolina [17]2 years ago
4 0

Answer:

Letter A is correct. <u>Fostering competition.</u>

Explanation:

In this case, it is correct to say that small businesses are fostering competition.

Competition in the business world can be defined as a situation where two or more companies that supply products are rivals in the quest to conquer the same market and the same customers.

Large companies often have some dominance and influence over the market, which means that they impose various barriers to market entry by other competing companies, especially if they are micro-companies. In the case of the above question, when there are a large number of small companies looking to establish themselves in a specific niche in the market, due to possible retaliation by large companies, together, they are exerting an influence on the market that promotes competition.

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Informal peacemaking and mediation are characterized on the continuum as having __________ personal control by disputants, where
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Answer:

high; low.

Explanation:

A conflict can be defined as any form of disagreement that arises between two or more parties due to opposing views, opinions, or incompatibility.

CALM is a 4-step process for addressing and defusing conflict.

These four step process for conflict resolution or defusing conflicts includes;

I. Clarify (C): this involves finding out more information about what caused the conflict.

II. Ask (A): you should ask the opposing party about the issues while being polite.

III. Listen (L): listen attentively to get more information.

IV. Move forward (M): do not dwell on the past issue after they have been resolved.

Mediation can be defined as an alternative dispute resolution (ADR) approach which involves an impartial and neutral third party who is saddled with the responsibility of proposing a solution to conflict between two or more parties.

Basically, a mediator is a professional trained in conflict or dispute resolution through the use of effective negotiation techniques and communication strategies. Thus, a neutral third party such as a mediator or negotiator from outside an organization or group, who will hear a conflict case via a nonbinding process should be availed the opportunity to make peace between two or more disagreeing parties.

Generally, the disputants (disagreeing parties) generally have a low personal control over an arbitration and litigation while during an informal peacemaking and mediation process, there is a high level of personal control by disputants on the continuum.

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