A Type of Business That Does Well When Located near Competition

question 62

Multiple Choice

A type of business that does well when located near competition is ________.

• A)one that has a unique product line - dissimilar to that of its competitors
• B)one that carries products for which customers comparison shop
• C)one whose location is part of its trademark
• D)None of the above

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Definitions:

Evaluation Interview

An evaluation interview is a formal discussion between a supervisor and an employee to review the employee's performance and set future goals.

Performance Standards

Benchmarks or criteria established to evaluate the effectiveness and efficiency of employees' work performance.

Performance Management

The ongoing process of communication and feedback between a supervisor and an employee to reach the organization's goals.

Strategic Goals

Long-term objectives that guide an organization's direction and decision-making.