Which of the Following Is One of the Key Elements

question 32

Multiple Choice

Which of the following is one of the key elements that makes the current business landscape different from those of the past?

• A) centralization
• B) technological change
• C) quality
• D) cost competitiveness
• E) speed

Understand the impact of technological advances on small business operations and strategies.

Comprehend strategies for business downsizing and its effects on company structure and operations.

Identify resources available for small business advice and development.

Identify the key demographic segments relevant to market segmentation for small retailers and service providers.

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Definitions:

Organic Chemicals

Compounds containing carbon that are found in or produced by living organisms.

Ozone Depletion

The thinning and reduction of the ozone layer in the Earth's atmosphere, primarily caused by the release of chemical compounds containing bromine and chlorine.

Agricultural

Relating to the science, art, and practice of cultivating land, producing crops, and raising livestock.

Biodiversity

The variety of life in the world or in a particular habitat or ecosystem, including species diversity, genetic diversity, and ecosystem diversity.