Social Entrepreneurship Is a Term Used Only to Describe Not-For-Profit

question 37

True/False

Social entrepreneurship is a term used only to describe not-for-profit ventures.

---

Definitions:

Small Lot Sizes

The production strategy that involves manufacturing smaller quantities of items to reduce inventory levels and respond quickly to customer demands.

Diversification

Diversification is a risk management strategy that involves spreading investments across various financial instruments, industries, or other categories to minimize risk.

JIT Systems

Systems based on the just-in-time principle that focus on continuous improvement by eliminating waste and only producing what is needed, when it is needed.

Layout

The arrangement of physical elements in a space, such as machinery in a factory or furniture in a room, optimizing efficiency and workflow.