According to Penrose, ________ Generate New Market, Product and Service

question 72

Multiple Choice

According to Penrose, ________ generate new market, product and service ideas, while ________ administer the routine functions of the firm and facilitate the profitable execution of new opportunities.

• A) managerial services, entrepreneurial services
• B) administrative services, business services
• C) entrepreneurial services, managerial services
• D) business services, commercial services
• E) commercial services, administrative services

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Definitions:

Wisdom

The ability to think and act using knowledge, experience, understanding, common sense, and insight.

Adulthood Stage

A period in human development that generally includes young adulthood, middle age, and older adulthood, characterized by mature reasoning, independence, and responsibility.

Adolescence

A developmental stage that marks the transition from childhood to adulthood, characterized by significant physical, psychological, and social changes.

Fidelity

Refers to the degree of accuracy or faithfulness in reproducing a sound or image in technology, or loyalty and faithfulness in personal relationships.