In the Rodriguez family Auto Repair Shop case, Alex realized in order

Subject: Business / Management
Question
Question 151 pts

In the Rodriguez family Auto Repair Shop case, Alex realized in order to be competitive against larger firms he needed to:

Downsize his staff

Use cheaper parts

Develop rapport with his customers

Lower his costs

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Question 161 pts

After completing a competitive map an owner could:

Accept the data and go forward with the business

Not accept the data and cancel the project

Do not do anything with the data

All of the responses are correct

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Question 171 pts

An entrepreneur cannot leave his or her business due to the amount of money that was invested. This is called a(n) ______________.

harvest plan

exit strategy

benchmarking

exit barrier

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Question 181 pts

_________ keeps an entrepreneur from leaving the business.

Exit barrier

Exit strategy

Exit restrictions

None of the responses are correct

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Question 191 pts

______________ is an area of business that uses standards that are necessary for the business.

Competitive map

Benchmarking

Unorthodox practices

Orthodox practices

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Question 201 pts

All of these are criteria to be an unorthodox service/product except:

Valuable

Consistent

Durable

Rare

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