The Optimal Strategy for Innovative Products Is to Utilize an Efficient

question 5

True/False

The optimal strategy for innovative products is to utilize an efficient supply-chain.

---

Definitions:

Partnership

An agreement by two or more persons to carry on, as co-owners, a business for profit.

Franchise

A business model that allows individuals or entities to operate a business using the branding and operational model of an established company.

Sole Proprietorship

A type of business entity owned and operated by one individual, with no legal distinction between the owner and the business.

Organizational Flexibility

The ability of a company or organization to adapt quickly to changes in its environment, including market trends, technologies, and internal dynamics.