Clients May Be Wary of Interns Because Interns Are Short-Term

question 9

True/False

Clients may be wary of interns because interns are short-term employees.

Understand the concept and importance of financial viability within a business model.

Learn the significance of addressing unmet customer needs and its impact on business success.

Realize the importance of innovation and differentiation in achieving competitive advantage.

Grasp the concept of multi-sided markets and how businesses serve interconnected customer segments.

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Definitions:

Promissory Note

A promise in writing, signed by the maker, to pay a sum certain in money to the person named therein, or bearer, at some fixed or determinable future time, or on demand.

Maker

In finance, the maker is the party that creates or issues a promissory note, thereby agreeing to pay a certain amount of money to a payee at a future date.

Bearer

An individual in possession of an instrument, such as a check or bond, that is not made out to a specific payee.

Certified Cheque

A cheque guaranteed by a bank, indicating that the funds are available and have been set aside for the payee.