Entrepreneurial Start-Ups Need Customer Development Teams That Have a ________

question 69

Multiple Choice

Entrepreneurial start-ups need customer development teams that have a ________.

• A)clear focus on the objectives
• B)learning-and-discovery culture
• C)targeted business model
• D)culture of flexibility and risk-taking

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Definitions:

Break-even Sales

The amount of revenue needed to cover total costs, both fixed and variable, at which point a business neither makes a profit nor incurs a loss.

Wholesale Division

A segment of a company that deals with selling goods in large quantities at lower prices typically to retailers, rather than selling them directly to consumers.

Fixed Expenses

Expenses, like rent, wages, and insurance fees, that stay the same no matter how much is produced or sold.

Break-even Sales

The amount of revenue needed to cover total fixed and variable costs, resulting in zero profit or loss.