In the WebHouse Example Included in Chapter 6, WebHouse Failed

question 4

Multiple Choice

In the WebHouse example included in Chapter 6, WebHouse failed because:

• A) it did not complete a feasibility analysis
• B) it did not write a complete business plan
• C) it couldn't motivate its suppliers or customers to participate at a sufficient scale to support the overhead of the business
• D) it charged too much for its services
• E) it failed to focus on developing a core strategy

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Definitions:

Psychological

Relating to the mental and emotional state of an individual or the study of the mind and behavior.

Therapies

Treatments intended to relieve or heal a disorder, often involving psychological techniques for mental health.

Substance Use Disorder

A condition characterized by the harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Ecstasy

A term commonly referring to a state of extreme happiness or the drug MDMA, known for its stimulant and hallucinogenic effects.