Key Business Functions

question 87

Multiple Choice

Key business functions:

• A) are skills necessary to identify and exploit elements of the business environment that can lead to a profitable and sustainable business.
• B) are activities that reflects a person's determination to start their business and make it a success.
• C) are certain fundamental activities that all businesses must perform.
• D) are business-related activities that are optional for the entrepreneur to perform.

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Definitions:

Reciprocal Concessions

A negotiation strategy where each party makes adjustments to their demands to reach a mutual agreement.

Social Conformity

Adjusting one's behaviors or opinions to align with those of a group or societal expectations.

Social Facilitation

The enhancement of a person's performance on simple or well-learned tasks in the presence of others.

Revenge

The act of inflicting harm or punishment on someone in retaliation for harm they have caused; motivated by a desire for justice or vengeance.