Overcoming the Challenges of New and Small Businesses

Competing with rivals in the same market

Collaborating with competitors in untapped areas

Creating a new market space and making the competition irrelevant (correct)

Expanding into international markets

Growth that is solely based on partnerships and alliances

Growth that is achieved through mergers and acquisitions

Growth that requires external funding or acquisitions

Growth that displays management's ability of resource utilization without external funding or acquisitions (correct)

By leveraging networks and building alliances (correct)

By conforming to norms

By acquiring other small firms

By focusing on external factors