As Darianprepares to start up his new business, he is grappling with the issue of what strategies he will use to obtain his goals and objectives, and the appropriate structure for the business. Which of the strategic challenges facing small firms is he currently addressing? a. Choosing an industry in which to compete b. Identifying distinctive competencies c. Selecting a location d. Writing a business plan e. Getting financing Small businesses a. hire at a lower rate than large employees b. provide fewer innovations than large companies c. dominate industries that require more resources d. provide big businesses with many of the services they need e. are the last to lay off workers during economic downswings In what way can a new start-up use e-commerce to do business? a. To strengthen control systems b. To identify niche markets c. To reduce owner time commitment d. To increase managerial competence e. To quickly expand a new business easily