John Deere relies on hundreds of vendors to produce component parts for its farm equipment. This illustrates which secret of small business success?

A) Small businesses have competitive advantage over large businesses.
B) A symbiotic relationship exists between small and large businesses.
C) Small businesses perform more efficiently than larger ones.
D) Small businesses are able to innovate more easily than larger ones.

Symbiotic Relationship

A mutualistic interaction between two different organisms living in close physical association, typically to the advantage of both.

Competitive Advantage

A business strategy that allows a company to outperform its competitors, often through greater market share, lower costs, or superior quality.

Vendors

Individuals or companies that sell goods or services to another entity, usually as part of the supply chain in a specific commercial transaction.