Product differentiation helps reduce the threat of new entry by forcing potential entrants to an industry to absorb not only the standard costs of beginning business but also the additional costs associated with overcoming incumbent firms' product-

Being open on Sunday is part of Chick-fil-A's value strategy

Indicate whether the statement is true or false

You have recently started your business with a small capital investment. Your business needs a very high degree of flexibility so that you can quickly respond to environmental changes and you are also interested in minimizing costs

Which of the following types of organizations is best suitable for your business? A) a highly centralized organization B) a virtual organization C) a formalized organization D) a bureaucracy E) a hierarchical organization