For a New Service Venture, What Is a Good Principle

question 10

Multiple Choice

For a new service venture, what is a good principle to adhere to when it comes to a new service strategy?

• A) Figure out how to productize services to gain efficiencies in delivery
• B) Make sure you do not modularize your services
• C) Avoid offering consumer choice
• D) None of the above are good principles

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Definitions:

Estuary

A coastal body of water that connects to an ocean, in which fresh water from the land mixes with salt water.

Lianas

Woody vines that climb up trees and other structures to reach sunlight in dense forest environments.

Epiphytes

Plants that grow on other plants without drawing nutrients from their hosts, obtaining moisture and nutrients from the air or rain.

Tropical Rain Forest

A dense, warm, wet forest found near the equator, known for its biodiversity and high rainfall.