Ophelia opened a boutique that specializes in creating custom trousseaux for brides. She conceived the idea in her senior year at school, and despite receiving criticism for the idea, she went ahead and opened the boutique. Which entrepreneurial characteristic is highlighted in the given scenario?
A. Self-reliance
B. Vision
C. Energy
D. Conformity
Answer: B
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A manufacturing process that is organized into group technology cells utilizing no human labor is called
a. islands of technology b. process simplification c. computer integrated manufacturing d. traditional manufacturing
Which of the following strategies illustrates a market orientation?
a. Targeting the average consumer b. Implementing centralization c. Increasing overhead production costs d. Creating customer value
When her company's dry goods deliveries were late for the third time, Melissa withheld payment from her supplier until it was back on schedule. This is an example of ________ power.
A. reward B. referent C. coercive D. expertise E. legitimate
Mention the key advantages and limitations of nonprofit corporations.
What will be an ideal response?