The First Step to Building Organizational Support for an Intrapreneur's

question 68

Multiple Choice

The first step to building organizational support for an intrapreneur's idea that involves explaining the idea to his or her boss and seeking approval to look for wider support is called

• A)making cheerleaders.
• B)bootlegging.
• C)horse trading.
• D)clearing the investment.
• E)getting the blessing.

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Definitions:

Consumer's Optimal

The point at which an individual achieves the best possible satisfaction or utility from the consumption of goods and services, given their budget constraints.

Price of Good

The monetary value assigned to a product or service, determined by various factors including production costs, supply and demand, and competition.

Giffen Good

A product that people consume more of as the price rises, violating the basic law of demand.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods or services.