It Is Typically Easier for New Businesses to Change Their

question 84

Multiple Choice

It is typically easier for new businesses to change their business model because new businesses ______.

• A)have the capital to fund such changes
• B)have not yet formulated a business plan
• C)have no competitors
• D)tend to be smaller and more agile

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Definitions:

Selective Optimization With Compensation

A strategy for improving overall functioning by focusing on strengths, compensating for weaknesses, and selecting tasks that minimize limitations.

Paul Baltes

A psychologist known for his work in the field of developmental psychology, particularly in the lifelong process of human development and aging.

Fluid Intelligence

refers to the ability to reason quickly, think abstractly, and solve problems in novel situations independently of acquired knowledge.

Expert

An individual who possesses a high level of knowledge or skill in a particular domain or field.