The Partnering for Success Feature in Chapter 4 Focused on Web-Based

question 45

Multiple Choice

The Partnering for Success feature in Chapter 4 focused on Web-based platforms, including Upwork and Guru, that make it easy to identify and hire experienced ________.

• A) part time employees
• B) freelancers
• C) interns
• D) virtual assistants
• E) full-time employees

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Definitions:

Price

Refers to the monetary value assigned to a product or service, indicating what a buyer must pay to obtain it.

Target Costing

A cost management strategy whereby a product’s selling price is considered in designing and developing a product, with an intent to manage costs and maintain profitability.

Desired Return

The minimum return that an investor, project, or business aims to achieve from an investment or venture, factoring in risk and opportunity cost.

Investment

The act of allocating resources, usually money, in the expectation of generating an income or profit.