According to Penrose, ________ Services Generate New Market, Product and Service

question 66

Multiple Choice

According to Penrose, ________ services generate new market, product and service ideas, while ________ services administer the routine functions of the firm and facilitate the profitable execution of new opportunities.

• A) managerial; entrepreneurial
• B) administrative; business
• C) entrepreneurial; managerial
• D) business; commercial
• E) commercial; administrative

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Definitions:

Improvement

The process of becoming better in quality, condition, or performance.

Structure

The arrangement of and relations between the parts or elements of something complex, such as an organization or a building.

Relationship

A connection, association, or involvement between individuals, whether personal, social, or professional.

Share Ideas

The act of exchanging thoughts, concepts, or visions with others to foster innovation, collaboration, or problem-solving.