Mia's Team Has Been Given a Group Writing Assignment

question 21

Multiple Choice

Mia's team has been given a group writing assignment.The deadline is three months away.When should the group start working on the project?

• A) a week before the deadline
• B) two weeks before the deadline
• C) in a month
• D) in two weeks
• E) right away

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Definitions:

Resource Based Perspective

A management tool used to identify and evaluate resources within an organization to gain and sustain competitive advantage.

Elastic Demand

The characteristic of a good or service wherein its demanded quantity significantly changes due to changes in its price.

Organizational Structures

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including the roles and responsibilities of employees.

Barriers To Entry

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.