Margie dropped out of college to pursue her passion for cooking. With personal resources to fund her initial capital, she started a food truck in one of the busiest streets of her hometown. After a month of running the food truck, Margie realized that she was not getting enough customers because there were several other similar food trucks in the area. In this scenario, which of the following threats did Margie's business face?
A. Narrow market niche
B. Weak internal locus of control
C. Lack of knowledge and experience
D. Lack of funds
Answer: C
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Which of the following is an example of an external product development strategy?
A) new internally developed products B) enhancements to existing products C) alliances D) migrations of existing products E) All of the above are examples of internal product development strategy.
Detailed Designs Company, an architectural firm, wants to hire Eduardo, a noncitizen. A temporary work visa is most likely to be set aside for a noncitizen who is
A. a "person of ethnic similarity to the employer's workforce." B. a "person of extraordinary ability." C. a "person of ordinary ability and ambition." D. a "person with an extraordinary work ethic."
Rudy operates Silver Buckles, a small-business equine enterprise. To raise capital, Rudy contacts Thad, a venture capitalist. Besides capital, Thad will most likely
A. assist in the drafting of a business plan. B. decline a proportion of future profits. C. offer assistance with respect to business strategy. D. refrain from demanding operational control.
A defense to tying is quality control
Indicate whether the statement is true or false