Michael Wants to Launch a New Product

question 75

Multiple Choice

Michael wants to launch a new product. He creates a website specifically for this on the Internet and uploads a short video demonstration of his product on the website. He also appeals to the viewers to make donations to help him start production. People respond well to his idea and help him collect enough financial resources to start his business. The opportunity of _____ is highlighted in the given scenario.

• A) exploiting a market niche
• B) providing personal customer service
• C) having lower overhead costs
• D) using technology

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Definitions:

E-learning

Learning conducted via electronic media, typically over the Internet.

Geographically Dispersed

Referring to entities, such as team members or organizational units, that are distributed across multiple physical locations, often across cities, countries, or continents.

Conceptual Subject Matter

Refers to ideas, principles, and theories that are abstract and not tied to physical objects or specific instances.

Interpersonal Skills

The abilities that enable a person to interact effectively and harmoniously with other individuals.