Briefly explain why social networks are particularly attractive to small business owners and entrepreneurs
What will be an ideal response?
Because social networks connect individuals and groups at a relatively low cost, they can be particularly attractive to small business owners and entrepreneurs. In particular, for businesses large or small, social networks can serve as a means providing customer connectivity to that business.
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________ is best described as the output range needed to bring down the cost per unit as much as possible, allowing a firm to stake out the lowest-cost position that is achievable through economies of scale.
A. Break-even output B. Minimum efficient scale C. Optimum sustainable yield D. Maximum output capacity
Which party has the duty of maintenance and repair of an easement?
A) The dominant tenant B) The servient tenant
Which of the following (if any) is a hard skill relevant to global marketers?
(a) Ability to manage exchange rate risk (b) Ability to establish global product prices (c) Ability to achieve global sales (d) All of the above (e) None of the above
Identify a true statement about models of organizational performance
a. The theory of the balanced scorecard states that leadership drives the system that creates business results. b. The Service-Profit Chain model focuses on learning, internal business, customers, and financial performance. c. The five performance perspectives of the balanced scorecard model are cost, time, quality, flexibility, and innovation. d. The Service-Profit Chain model is based on a set of cause-and-effect linkages between internal and external performance.