Web-Based Businesses Avoid the Risk of Failure Faced by Traditional

question 159

True/False

Web-based businesses avoid the risk of failure faced by traditional start-up businesses.

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Definitions:

Vital Few

A principle often associated with the Pareto Principle, indicating that a small number of causes, inputs, or effort usually lead to a majority of the results, outputs, or rewards.

Cause-And-Effect

A relationship between events where one is the result of the other, often illustrated by a fishbone diagram in quality improvement contexts.

Quality Circles

A group of workers who voluntarily meet together on a regular basis to discuss and solve problems affecting the quality of their work, aiming to improve operations, reduce costs, and foster a more enjoyable work environment.

Group Planning

A collaborative approach to planning and decision-making processes, involving a group of individuals or teams to enhance outcomes and solutions.