Which of the following statements is true?
A. Research, more than knowledge, leads to the generation of new entries in markets and technologies.
B. Knowledge is a valuable entrepreneurial resource that is gained through formal education.
C. Knowledge based on experience is unlikely to be learned in a classroom.
D. Knowledge is easily communicated and common.
Answer: C
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Any private party may sue for an injunction to enforce any Consumer Product Safety Commission (CPSC) rule or order, even if at the time of the suit the CPSC or the attorney general has initiated an action based on the alleged violation.
Answer the following statement true (T) or false (F)
Owners of a corporation are called shareholders or stockholders.
Answer the following statement true (T) or false (F)
When employees are not delivering customer service at the level specified by their employer, there is a gap between ________
A) consumer expectations and management perceptions B) management perceptions and quality standards set by the firm C) established quality standards and service delivery D) expected services and needed services E) service quality standards and consumer expectations
Marta’s company wants to revamp its potato chips brand to compete with Lay’s potato chips. She has been researching consumer preferences so that she can market her company’s chips accordingly. What type of strategy is Marta using?
A) ?product diversification strategy B) ?product development strategy C) ?market development strategy D) ?product positioning strategy E)? market penetration strategy