Which of the following would lead some to become an entrepreneur and influence the choice of goods or services to produce?
A) Competition
B) Profit
C) Freedom of choice
D) Government regulation
E) Monopolistic competition
Answer: B
Explanation: B) The lure of profits (and freedom) leads some people to abandon the security of working for someone else and to assume the risks of entrepreneurship. Anticipated profits also influence individuals' choices of which goods or services to produce.
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Identify an implication of the emphasis on learning for human capital development.
(a) Unpredictability in the business environment in which companies operate will cease to be the norm. (b) Companies need to support informal learning that occurs through mentoring because tacit knowledge is difficult to acquire in training programs. (c) Learning has to be supported only with physical and technical resources. (d) There is recognition that to be effective, learning has to be related to overall productivity.
CRM programs facilitate communication from a company to its customers and from customers to the company
Indicate whether the statement is true or false