Brendan and Sean Combined Their Love of Baseball with a Business

question 254

Multiple Choice

Brendan and Sean combined their love of baseball with a business venture. They purchased a small cart and began selling memorabilia outside of their hometown stadium. Their first year went well, but the past two years have been quite a struggle. Due to poor economic conditions and the team's horrible record, ticket sales at the stadium are down, which has significantly hurt their sales as well. As a recent business graduate, you explain to Brendan and Sean that

• A) this type of business is always high risk because it is seasonal.
• B) the business does not fill a sufficient need for most people.
• C) environmental circumstances are dynamic and tough to control.
• D) social entrepreneurs are currently getting most of the attention.

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Definitions:

Bystander Apathy

The phenomenon where individuals are less likely to offer help to a victim when other people are present, often attributed to the diffusion of responsibility.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Agricultural Societies

Communities whose economy and way of life are primarily based on agriculture and farming practices.

Technological Innovations

Novel inventions and improvements in technology that significantly change how tasks are accomplished or lead to the creation of new products.