Lydia Owns the Shake Shack, a Small Ice Cream Shop

question 50

Multiple Choice

Lydia owns the Shake Shack, a small ice cream shop on a busy beach boardwalk that
specializes in a variety of milkshakes, malts and cones. She has identified her customer
as a person walking on the boardwalk—mostly vacationers who want something cool and quick with no frills. She located herself close to parking for easy access, unlike some of her competitors. Lydia seems to have developed a strong:

• A) retail strategy
• B) location strategy
• C) business plan
• D) selling strategy
• E) business concept

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Definitions:

Psychology Of Working

An interdisciplinary field that examines individuals' experiences in their work environments, focusing on the meaning of work and its influence on well-being, identity, and societal structures.

Agentic

Pertaining to an individual's capability to act independently and to make their own free choices, as opposed to being influenced by external forces.

Free Will

The concept that individuals have the ability to make choices that are not predetermined by past events, emphasizing personal autonomy and ethical responsibility.

Career Adaptability

Readiness and resources to cope with repeated career decisions and challenges.