Which of the Following Statements Is True of Low Customer

question 39

Multiple Choice

Which of the following statements is true of low customer contact businesses?

• A) Customer access is relatively important when compared to high customer contact businesses.
• B) Some examples of low customer contact businesses are restaurants and dry cleaners.
• C) Empowerment zones offer businesses low-cost space and tax advantages.
• D) Business incubators are expensive and offer limited small business support services.

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Definitions:

Nimble Tactics

Agile and adaptable strategies designed to respond quickly to change and capitalize on new opportunities.

Durability

The quality of being able to withstand wear, pressure, or damage; the ability of a product or material to last a long time without significant degradation.

Proprietary Barriers

Restrictions established through the ownership of patents or copyrights that limit competition.

Bootstrapping

A method of financing a startup or new venture by using personal funds or operating revenues rather than seeking external investment.