O-LevelEconomicsMicroeconomic decision makers2281/11 · Oct/Nov 2010 · Q191 Mark

What is usually an advantage of a small firm?

Athe ability to benefit from bulk buying arrangements

Bthe ability to raise finance from a stock exchange

Cthe ability to respond quickly to changes in consumer demand

Dthe ability to run a national advertising campaign

✓ Correct answer

C: the ability to respond quickly to changes in consumer demand

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2010 Paper 1 Variant 1, question 19.

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