Pet Care Companion Connection (PCCC) Is an Organization That Trains

question 91

Multiple Choice

Pet Care Companion Connection (PCCC) is an organization that trains persons with mild-to-moderate mental disabilities to care for pets in a pet boarding facility.This organization has been successful in providing a quality service for pet owners and a supportive training environment for their trainees.The tuition charged to trainees is only somewhat higher than the fee, which day-care providers would charge for these individuals.Graduates of the program are qualified for employment by commercial kennels.PCCC is an example of:

• A) taking advantage of a need in the marketplace.
• B) creative destruction of existing services for pet boarding.
• C) institutionalized entrepreneurship.
• D) internal corporate venturing.

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Definitions:

Willingness To Sell

The minimum price at which a person or entity is prepared to sell a good or service, reflecting the value at which they are ready to part with it.

Producer Surplus

Producer surplus is the difference between what producers are willing to accept for a good or service versus what they actually receive, indicating the benefit to producers.

Market Price

The current price at which a good or service can be bought or sold in the market.

Costs Of Production

The expenses incurred in manufacturing a product or providing a service, which may include raw materials, labor, overhead, and any other costs directly tied to the production process.