Starting a Business by Adapting Something Already on the Market

question 7

Multiple Choice

Starting a business by adapting something already on the market is called a _____ approach.

• A)franchising
• B)buying
• C)new-new
• D)new-old

Analyze the impact of emotional and interpersonal dynamics on negotiation outcomes.

Appreciate the importance of procedural norms and agreements in negotiations.

Grasp the importance of flexibility and the ability to reformulate demands in negotiations.

Recognize the destructive effects of personalized disputes and contentious negotiations on achieving settlement.

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Definitions:

Professional Role

The duties, responsibilities, and behavior expected of an individual based on their position and profession.

Genogram

A graphical representation of a family tree that displays detailed data on relationships among individuals, including medical history and behavioral patterns.

Chronological

Relating to the arrangement of events in the order of their occurrence in time.

Engagement Process

The series of actions involved in capturing attention, establishing connections, and maintaining involvement between individuals or groups.