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

question 16

Multiple Choice

According to the "Spotlight on Small Business" box in Chapter 7, one of the keys to the success of the Blue Man Group has been:

• A)keeping the price for their show as low as possible.
• B) focusing on the small markets where the competition for entertainment is less intense.
• C) the decision to keep the organization small and not risk losing control through expansion.
• D)the development of a strategic plan to manage the product's growth and everyday operations.

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Definitions:

Scientific Revolutions

Periods of transformative change in scientific thought and practice, leading to new paradigms and understandings.

Democratic Revolutions

Political movements aimed at overthrowing authoritarian regimes in favor of establishing societies based on democratic principles and institutions.

Industrial Revolutions

Periods of major industrialization that transformed economies, societies, and manufacturing processes, starting in the late 18th century.

Sociology

The study of society, social institutions, and social relationships, encompassing the systematic analysis of social behavior, culture, and structure.