Complete the Following Using These Terms

question 1

Multiple Choice

Complete the following using these terms.
-_____ is the collection of activities that build and maintain ongoing,mutually beneficial ties between a business and its customers and other parties.

• A)outsourcing
• B)Diversity
• C)entrepreneur
• D)Competitive differentiation
• E)strategic alliance
• F)Capital
• G)vision
• H)factors of production
• I)brand
• J)Relationship management
• K)Not-for-profit organizations
• L)Business ethics

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Definitions:

Open Systems

Organizations or entities that interact dynamically with their environment, adapting and exchanging resources and information.

Functional

Pertaining to the practical or utilitarian use of something, often emphasizing how something works or operates within a system or organization.

Independent

Free from external control or influence; capable of thinking or acting for oneself.

Synthetic Thinking

The ability to put together separate pieces of information, concepts, or ideas to form a cohesive whole or new insights.