By forming a limited liability partnership (LLP), the personal assets of partners not involved in wrongdoing by other members of the firm will be sheltered from malpractice claims against the firm.
Answer the following statement true (T) or false (F)
True
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You have an idea for a company that sources fruits from local farms and makes fresh juices on a daily basis. You want to start a subscription-based service in which households within a 100-mile radius subscribe to your plan and receive two gallons of freshly squeezed juice (for example, cherry juice, apple juice, lemonade) twice a week. As you think about starting your business, you ask yourself: How rare is the service I am offering? How valuable is it? Can I organize the company to maximize my advantages in the marketplace? After asking these questions, review and identify which question from VRIO did you forget to ask?
A. Is the resource or capability valuable? B. Is the resource or capability currently controlled by only a few firms or no other firms? C. Is the firm organized to exploit the resource of capability? D. What values should be emphasized? E. Is the resource or capability costly for other firms to imitate?
In order to visualize three variables in a two-dimensional graph, we use a
A. 2-D chart. B. 3-D chart. C. bubble chart. D. column chart.
A realistic customer retention policy centers on the idea that
A) some customers are so unreasonable they are not worth keeping. B) the customer is always right. C) a customer retention rate of about 50 percent is realistic. D) a company should strive to retain all their customers.
Using Table 7.4, what is the early start time for activity D?
A) week 9 B) week 4 C) week 7 D) week 0