Closely held ventures usually suffer from which of the following shortcomings?

a. a lack of management depth
b. overcapitalization
c. insufficient controls
d. internal conflict


ANSWER: a

Business

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As used in the purchasing process chapter, the term ______________________________ refers to raw materials, merchandise, supplies, fixed assets, or intangible assets

Fill in the blank(s) with correct word

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List three steps that service firms can take to increase quality control over services and reduce variability

What will be an ideal response?

Business

The "Malaysia, Truly Asia" ad campaign that showcased Malaysia's beautiful landscape and its multicultural society in order to attract tourists is an example of ________ marketing

A) event B) property C) service D) place E) idea

Business

The challenge of hospitality is best explained as ______.

a. getting employees to smile at all guests b. finding employees with good experience in hospitality c. ensuring that employees always offer the high level of service the guest wants and expects every time, perfectly d. providing a good product regardless of the setting or the service delivery system

Business