Finding a Niche Requires

question 24

Multiple Choice

Finding a niche requires:

• A)an understanding of one's skills and strengths.
• B)the implementation of procrastination.
• C)an understanding of company policies.
• D)the skills to work effectively with people.

---

Definitions:

Coordinating

The organization and alignment of activities, processes, or efforts to ensure efficient and effective achievement of goals or outcomes.

Managing

The process of planning, organizing, leading, and controlling resources to achieve specific goals.

Long-Run Average Total Cost Curve

A curve that shows the lowest possible cost of producing different levels of output when all factors of production, including capital, can be varied.

Unit Costs

The investment required by a company to develop, keep, and trade one instance of a specific product or service.