Robert started his company in his parents' garage because he could not afford to rent an office space. Most of his finances were spent on procuring the essential items to set up his company. As a result, he was able to save funds for the future. The opportunity of _____ is highlighted in the given scenario.
A. exploiting market niches
B. using technology
C. having lower overhead costs
D. providing personal customer service
Answer: C
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Which of the following is a best practice in business and marketing?
A) end-product orientation B) reacting to competitors C) vertical integration D) stockholder driven E) teamwork
Adopting proven technology instead of experimental technology is an example of mitigating a risk.
Answer the following statement true (T) or false (F)
What does it mean to say that something exerts agency, according to the Introduction to your textbook?
a. Things go according to plan b. It makes a difference c. Being managed d. All of the above
Which statement regarding office customs/practices is incorrect?
a. U.S. employees are expected to keep busy while at work even during slow periods. b. Peru has one of the longest workweeks in the world. c. U.S. firms give more and longer breaks than do most European companies. d. In the United Kingdom, the only grounds for job termination are criminal behavior.