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:

Unilateral Contract

A unilateral contract is a legally binding agreement where one party promises to do something in return for an act of the other party, who is not legally obligated to act.

Consideration

in contract law, refers to something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Merchant

An individual or company engaged in the business of buying and selling goods or services with the intent of making a profit.

Insanity

A mental disorder so severe that it prevents someone from having legal capacity or from being held responsible for their actions, often used as a defense in criminal trials.