Past Experience Is Considered an External Source of Information

question 60

True/False

Past experience is considered an external source of information. The greater the relevant past experience, the less internal information the consumer is likely to need to reach a decision.

---

Definitions:

Retained Earnings

The portion of a company's profits that is held or retained and not paid out as dividends to shareholders, often reinvested in the business.

Intrapreneurs

Employees within a company who are assigned to work on a special idea or project and are given the freedom to develop the project as an entrepreneur would.

R&D Activities

Activities centered around research and the development of new products, services, or processes.

Salaried Employees

Individuals who receive a fixed compensation from their employer regularly, typically on a monthly or annual basis, regardless of the number of hours worked.