Kay is excited about her idea to open an organic cafe, but she wants to know all about the realities of operating a restaurant. She waited tables in college and has met with a retired food service executive who arranged a mentor for her
What other resource can Kay use before writing her business plan?
What will be an ideal response?
Answer: Kay can get data, training, and additional contacts through a restaurant trade association.
Explanation: Kay has done all the right things: working in restaurants, getting a mentor, meeting with people who have industry management experience. A trade association is a group promoting common interests in an industry. This can help fill any research gaps Kay might have.
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One trend in labor unions is toward
a. extensive growth in existing labor unions. b. flexibility in pay plans rather than focusing on rigid base salaries. c. a refocus on core members and offering better benefit packages. d. stronger collective bargaining negotiation with less arbitration by the NLRB.
Lark Inc, an American electronics company, is currently reviewing new geographical markets to sell its highly popular televisions. By 2020, it plans to open new stores across all the major South Asian cities
Lark is most likely following a ________ strategy. A) local marketing B) market development C) diversification D) product adaptation E) product development