Krystal Works in the Cosmetic Industry

question 91

Multiple Choice

Krystal works in the cosmetic industry. She is tasked with creating new perfumes, colognes, and lipstick colors annually. Her daughter has asked her to come to her school and present at career day, as she thinks what her mom does is cool and fun. How will Krystal describe what her mom does?

• A) Krystal will say she is an organizational developer.
• B) Krystal will say she is a treatment developer.
• C) Krystal will say she is a product innovator.
• D) Krystal will say she is a process innovator.
• E) Krystal will say she is an improvement innovator.

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Definitions:

Government-operated Firm

is a business entity controlled or owned by the government to provide goods or services to the public.

Residual Claimants

Individuals or entities that have a claim on the remaining assets of a company after all liabilities have been satisfied, typically the shareholders.

State University

A publicly funded university that is primarily supported by a state government.

Barrier to Entry

Factors that prevent or hinder companies from entering into a specific market or industry.