According to the "Spotlight on Small Business" Box in Chapter

question 117

Multiple Choice

According to the "Spotlight on Small Business" box in Chapter 7, the Blue Man Group knew that if they wanted to expand their product planning and organization were critical. Therefore, the three partners spent considerable time writing a:

• A)strategic plan
• B) performance plan
• C) crisis plan
• D)responsive plan

---

Definitions:

Ulrich Beck

Ulrich Beck was a German sociologist best known for his work on risk society, individualization, and reflexive modernization.

Transnational Organizations

Entities that operate across multiple countries, transcending national boundaries to achieve their objectives.

Neoliberalism

An economic and political ideology that emphasizes free-market capitalism, deregulation, and a reduction in government spending on social services.

Global Economy

An interdependent economy worldwide where the economies of countries are linked through global trade and financial markets.