When the Soviet Union Began Breaking Up in the Late

question 78

True/False

When the Soviet Union began breaking up in the late 1980s, cigarettes began replacing the ruble as the medium of exchange even though the ruble was legal tender. The cigarettes provide an example of commodity money.

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Definitions:

The Prospector

A type of strategic business model focused on innovation, exploring new markets, and seeking out new opportunities, often characterized by flexibility and a willingness to take risks.

Defender Strategy

a business strategy focused on maintaining current markets and customers, often by focusing on product improvement and maintaining a stable growth rate.

Entrepreneurial Employees

Refers to employees within an organization who possess an entrepreneurial mindset, often driving innovation, taking initiative, and contributing to the company's growth like internal entrepreneurs.

HR Managers

Professionals responsible for overseeing human resource functions within an organization, including recruitment, training, compensation, and compliance with employment laws.