business






 

Question by  Javaholic (227)

What are the advantages of a large business vs. a small business?

 
+7

Answer by  worker8712 (48)

Any size has both advantages and disadvantages. "Many hands make light work," of course, but "too many cooks spoil the broth. " The right size depends on the nature of the business. People seem happy companies large enough to feel safe, but small enough that their contributions are appreciated.

 
+5

Answer by  sonicfoundation (2597)

Large businesses can utilize economies of scale and this reduces their costs. In addition, large businesses generally have more resources available at their disposal.

 
+5

Answer by  BrianSJ (524)

Large businesses have the advantages of economies of scale, lower per-unit manufacturing costs, and the ability to establish barriers to entry for competitors.

 
+5

Answer by  tamarawilhite (17883)

Large businesses benefit from the efficiency from a large size; cheaper health insurance from a larger number of employees, cheaper telecommunications per person due to contract size.

 
+3

Answer by  amswplusone (652)

A large business can benefit from certain economies of scale (being able to buy in larger quantities and save on per-item costs by taking advantage of larger storage space. ) Also, a large business can handle the initial requests of more potential customers at once and quickly, so you don't have any could-be big customers rejected for limited time.

 
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