While Working in a Fast Food Outlet, Harold Observed That

question 5

Multiple Choice

While working in a fast food outlet, Harold observed that most of the customers were working in offices in the neighborhood. Sensing a profitable opportunity, he decided to open a lunch catering business. He offered to deliver lunch directly to the offices so that the businessmen would not have to interrupt their meetings to go somewhere for lunch. In the context of the above scenario, which of the following was the reason for Harold to start his own business?

• A) To obtain fresh inventory
• B) To take advantage of the latest technology to fill a void
• C) To select a competitive environment
• D) To have a free hand in selecting personnel

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Definitions:

IM Or Text Messaging

The activity of sending short messages, often known as texts, between cell phones or over the internet using instant messaging applications.

Teleconferences

Meetings held via telephone or video link, allowing participants to communicate from different locations.

Evidence In Lawsuits

Material or statements presented in court for the purpose of proving or disproving facts relevant to a case.

Marketing

The process of promoting, selling, and distributing a product or service, including market research and advertising.