Busn 115 Week 4 Quiz| Verified Solution

BUSN 115 WEEK 4 QUIZ Question 1.1. (TCO 3) Which of the following is an example of a lifestyle business? (Points : 5) A paper recycling unit that employs about 800 employees A self-employed landscape designer Nature's Delights, an international gourmet food chain that is considered to be the world's leading retailer of natural and organic foods Museum of Fine Arts, a government-funded museum that houses a collection of 19th and 20th century American, German, and French paintings Freedom Books, a firm that is the leader in the English-language, book-publishing sector Question 2.2. (TCO 3) One of the general characteristics of a small business is that it typically sells fewer products .(Points : 5) to a larger customer base to fewer market segments to foreign companies at lower costs to government agencies at higher costs Question 3.3. (TCO 3) TechPoint, a technical writing and business documentation firm, finds it difficult to handle its training requirements. The company forms a one-year contract with Impact Inc., a language training firm, to conduct training and refresher courses for their employees. This is an example of . (Points : 5) downsizing outsourcing vertical integration market penetration diversification Question 4.4. (TCO 3) Five college graduates decide to open a laundry service company. They import six commercial washing machines from Italy to set up a factory. In this case, the commercial washing machines are best referred to as a(n) . (Points : 5) capital item shopping product expense item convenience product specialty product Question 5.5. (TCO 3) Research and development is carried out usually during the stage of product development