Terrence owns a successful coffee bar. He’d like to expand his business by adding a second location across town, but has found that economic uncertainty has made most banks reluctant to provide him with the loan he would need to do so. With which type of resource is Terrence struggling?
a. human
b. financial
c. physical
d. informational
b. financial
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Direct marketing has undergone a dramatic transformation due to rapid advances in digital technologies
Indicate whether the statement is true or false
Bottlenecks in a production process will cause other parts of the process to experience idle time
Indicate whether the statement is true or false
Favorable volume variances may be harmful when:
A) machine repairs cause work stoppages B) supervisors fail to maintain an even flow of work C) production in excess of normal capacity cannot be sold D) there are insufficient sales orders to keep the factory operating at normal capacity
Consumerism refers to
A. the recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are to achieve sustainable, long-term growth. B. the grassroots movement started in the 1960s to increase the influence, power, and rights of consumers in dealing with institutions. C. conducting business in a way that protects the natural environment while making economic progress. D. a collaborative effort between buyers and sellers to create an exchange where each benefit. E. a movement of conspicuous consumption that began when the World War II ended.