Bizooki, the Company Profiled in the Opening Feature for Chapter

question 50

Multiple Choice

Bizooki, the company profiled in the opening feature for Chapter 10, is a matchmaking service that brings together businesses that need Web sites built, CD-ROMs prepared, and similar services with a global network of providers. Andy Tabar, Bizooki's founder, has funded the company via:

• A) venture capital
• B) angel investors
• C) SBA Guaranteed bank loans
• D) conventional bank loans
• E) bootstrapping, loans from friends and family, and creative sources of financing

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Definitions:

Mechanistic Structures

Organizational frameworks characterized by rigid procedures, a clear hierarchy, and centralized decision-making.

Complex Tasks

Activities or projects that involve multiple steps, intricate details, and often require problem-solving skills.

High

A state or condition that is above average in quantity, size, or intensity.

Differentiation

The process of distinguishing a product, service, or brand from competitors in ways that make it more appealing to the target market.