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According to Penrose, Managerial Services Generate New Market, Product, and Service

question 33

True/False

According to Penrose, managerial services generate new market, product, and service ideas, while entrepreneurial services administer the routine functions of the firm and facilitate the proper execution of new opportunities.


Definitions:

Proposal Reports

Documents designed to outline plans for a project, seeking approval or funding.

Nonprofit Agencies

Organizations that operate for public or social benefit, rather than generating profit for owners or shareholders.

Primary Research

Collection of new, original data or information through direct investigation or experimentation.

Secondary Research

The process of gathering and analyzing data that has already been collected by others, as opposed to primary research.

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