What is one of the biggest mistakes aspiring entrepreneurs make with regard to competition in the market in which they intend to enter?
a. Using the wrong distribution channel
b. Underestimating the extent of competition he/she will face upon market entry
c. Not advertising enough
d. Using the wrong pricing strategy
b. Underestimating the extent of competition he/she will face upon market entry
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Which source of resistance to change makes an organization slow to change after having followed the same rules and procedures for many years?
A. structural inertia B. group inertia C. limited focus of change D. threat to expertise
A living trust is usually revocable
Indicate whether the statement is true or false
________ is the act of applying a consequence that increases the likelihood that the person will repeat the behavior that led to that result.
A. Aversive consequence B. Halo effect C. Groupthink D. Glass ceiling E. Positive reinforcement
EVPI and minimum EOL are equivalent
Indicate whether the statement is true or false