Managers Can Use Behavioral Addition and Behavioral Substitution To

question 12

Multiple Choice

Managers can use behavioral addition and behavioral substitution to:

• A) create benchmarks
• B) assess the threats and opportunities in the internal environment
• C) develop new products
• D) locate new markets for existing products
• E) modify corporate culture

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Definitions:

Success Rate

The proportion or percentage of attempts that result in success, often used as a metric to gauge the effectiveness of a particular strategy or process.

Entrepreneurial Firms

Businesses characterized by innovative practices, growth orientation, and the pursuit of opportunities beyond current resources.

Birth Stage

The initial phase in the life cycle of a business or product, characterized by development and early growth.

Business Model

A strategic plan outlining how a company creates, delivers, and captures value, in terms of products, services, and revenue streams.