Which of the Following Is Not a Critical Component for a Successful

question 8

Multiple Choice

Which of the following is not a critical component for a successful new business?

• A) The opportunity
• B) The management team
• C) The age of the lead entrepreneur
• D) The resources available
• E) None of the above

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Definitions:

Organizational Culture

Reflects the set of values, traditions, and customs that guide a firm’s employees’ behavior.

Geography

The study of places, the relationships between people and their environments, and how physical and human processes interact on Earth.

Autocratic Buying Center

A buying center in which one person makes the decision alone, though there may be multiple participants.

Majority Rules

A decision-making principle whereby the option that receives the most votes or support among a group is chosen.