Hiring People Who Are Entrepreneurial,creative,and Have a High Tolerance for Ambiguity

question 43

Multiple Choice

Hiring people who are entrepreneurial,creative,and have a high tolerance for ambiguity would support a ________ competitive advantage.

• A)product leadership
• B)operational excellence
• C)customer intimacy
• D)training and development

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Definitions:

Price Buyers Pay

The amount of money that consumers are required to pay to acquire a good or service.

Price Sellers Receive

The amount of money that producers get from selling one unit of a good or service, after considering all costs and expenses.

Consumer Surplus

The dissimilarity in what consumers intend to pay for a good or service versus what they actually spend.

Producer Surplus

The disparity between the minimum amount sellers are ready to take for a product or service and the actual price they get in the market.