Clay Market began as a retailer of terra cotta pots and garden figures imported from Turkey and Mexico. It has since added Turkish rugs and fabrics, leather trimmed purses, and a line of women's clothes for its customers. These activities are indicative of a _____ strategy.
A. vertical integration
B. market penetration
C. diversification
D. product development
E. market development
Answer: D
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Which of the following is true about effectual entrepreneurs?
a. They focus on creating a future rather than predicting it b.Theyfind markets ratherthan make them, c. They do not accept failure d. They rely on the initiative of stakeholders to fulfill their visionof the future
Answer the following statement(s) true (T) or false (F)
1. The more power people feel, the less they notice other people’s emotions and feelings (i.e., feeling powerful reduces interpersonal sensitivity). 2. Power is usually defined in terms of the ability of one person (the agent) to influence another person (the target). 3. “Leaders who are perceived to be attractive, charismatic, friendly and likable, trustworthy, or have other desirable traits admired by the followers” is the definition of charisma power. 4. Coercive power tends to create resistance—attempts by the followers to avoid the directives and orders of the leader.
Investors usually insist that the management team not operate the business as a part-time venture.
Answer the following statement true (T) or false (F)
The UETA does not apply to all writings and signatures
Indicate whether the statement is true or false