Which of the Following Best Explains Why the Service Sector

question 2

Multiple Choice

Which of the following best explains why the service sector is a natural avenue for e-commerce?

• A) The service sector is less geographically reliant and more globally oriented.
• B) The service sector has historically been more technology-reliant.
• C) Much of the value in services is based on the collection, storage, and exchange of information.
• D) It is not; services are difficult to translate to e-commerce because they rely on face-to-face communication and barter.

Grasp the mechanics of the unemployment insurance system in the United States.

Understand the exceptions to the employment-at-will doctrine and the role of the implied covenant of good faith.

Recognize the conditions and coverage of the Family and Medical Leave Act.

Understand the roles and enforcement mechanisms of key labor laws and regulations such as the National Labor Relations Act, Workers' Compensation, and the implications of the Taft-Hartley Act.

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Definitions:

Radical Invention

An innovation that represents a significant departure from existing practices or products, often creating new markets or dramatically changing existing ones.

New-Product Strategies

Approaches, methods, or plans developed by businesses to introduce and establish new products in the market successfully.

Product Deletion

The process of permanently removing a product from a company's offerings due to factors like poor sales, obsolescence, or strategic realignment.

Brand Extension

The practice of using an established brand name on a new product category, leveraging the brand's existing reputation and customer base.