Managers Can Use Behavioral Addition and Behavioral Substitution To

question 12

Multiple Choice

Managers can use behavioral addition and behavioral substitution to:

• A) create benchmarks
• B) assess the threats and opportunities in the internal environment
• C) develop new products
• D) locate new markets for existing products
• E) modify corporate culture

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Definitions:

Potential New Business

Opportunities or prospects that may lead to the inauguration or expansion of operations, representing potential sources of revenue or growth.

Worthwhile Investment

An investment that promises a good return for the amount of money or time put in.

Certified Business Intermediaries

Professionals who assist in the buying and selling of businesses, ensuring the process adheres to legal and ethical standards.

Real Estate Brokers

Licensed professionals who act as intermediaries in real estate transactions, assisting clients in buying, selling, or renting properties.