According to Sun Yat-Sen, What Would Be the Source of a Successful

question 13

Multiple Choice

According to Sun Yat-sen, what would be the source of a successful revolution in China?

• A) Sun Yat-sen believed the revolution would have to come from the overtaxed and impoverished peasants.
• B) Sun Yat-sen thought the foreigners would lead a successful revolution against the Qing Dynasty.
• C) Sun Yat-sen felt that the source for the revolution would be among the wealthy upper-class scholars.
• D) Sun Yat-sen felt that it was hopeless to think of revolution because of the long Chinese history of static government.
• E) Sun Yat-sen looked to the Emperor for the leadership to begin a revolution to free China.

Differentiate between service and product-based business models in terms of their operational intensity.

Comprehend the risk and profit potential inherent in starting a new business versus buying an existing one.

Distinguish between labor-intensive and capital-intensive businesses and their implications.

Recognize the importance of industry experience in successful entrepreneurship.

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Definitions:

JIT

Just-In-Time, a production strategy aimed at reducing in-process inventory and associated carrying costs by producing and delivering products just as they are needed.

Service Organizations

Entities that primarily offer intangible goods to consumers through the provision of services instead of physical products.

Competitive Advantage

The attributes that allow an organization to outperform its competitors, such as cost, product differentiation, and market access.

5Ss

A Lean production checklist.