The big business competes based on mass production and, thus, lower prices. small businesses can compete based on personalized services and products
This is further explained below.
Generally, A person may earn a livelihood or make money via the practice of running a business, which entails the production of goods as well as their purchase and sale.
Additionally, it refers to "any activity or business undertaken with the purpose of generating a profit."
Production of considerable quantities of standardized goods in a continuous flow is the definition of mass production, which is sometimes referred to as flow production or continuous manufacturing.
This kind of production often takes place on assembly lines.
In conclusion, large corporations compete with one another via mass manufacturing and, as a result, reduced pricing.
Personalization of services and goods is an area in which smaller companies may compete successfully.
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