What Was the Primary Concept That Entrepreneur Rick Adam Applied

question 4

Multiple Choice

What was the primary concept that entrepreneur Rick Adam applied from his years as a software engineer in order to develop two separate aircrafts-the A-500 and the A-700-while maintaining a time-to-market advantage over more entrenched competitors?

• A) Economies of scale
• B) Modularity
• C) Process mapping
• D) Horizontal management structure

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Definitions:

Do Not Call Registry

A list or database designed to manage and prevent unsolicited telemarketing calls to those who have registered their contact information.

Personal Selling Process

A series of steps taken by sales representatives to sell a product, including prospecting, approaching, presenting, handling objections, closing, and follow-up.

Personal Selling Process

A direct marketing approach that involves face-to-face interaction between a salesperson and a potential customer aimed at making a sale and building customer relationships.

Business Reply Card

A pre-addressed and prepaid postcard or form included with a mailing, allowing the recipient to respond easily to the sender.