Answer:
bootstrapping
Explanation:
Based on the information provided within the question it can be said that the technique that Thomas has used in order to overcome these obstacles is known as bootstrapping. This term refers to starting a business from the ground up with very little resources, mainly a few personal savings and luck. This technique focuses on overcoming obstacles through perseverance and dedication, such as Thomas has done in this scenario.
Answer: a. Sales prospect
When a potential customer becomes serious about the purchase and is likely to buy the product, the customer becomes a sales prospect.
Explanation:
A sales prospect is known to be an act of looking out for new customers, persuading them to buy products and in the process, they become potential customers. There are various method in which a salesperson or seller can get a potential prospects, some of which are through referral and direct contact with the prospects. Hence, sales prospects increase and improve the number of customers that a company has.
Answer:Answer The business sector (b)The policy option is the fiscal policy
Explanation:
Recession can be defined as a state of economic declines in a country which in turn lead to decline in the GDP of a country as well as increase in the rate of unemployment in the country. It is a period of slow business activities in the country which can last for period of six months or a year depending on the quick response of the handlers of the economy to quickly put the situation under control. It is a period of slow growth in the economy. In a period of recession, the business sector experience lack of credit facility which arise due to the inability of the banking sector of the economy to lend to the business sector.. during these period there is a decrease in consumer spending, in the sense that, the demand for goods and services by the households will reduced drastically as a result of the reduction in the purchasing power of the people.
However, with a view to bring the economy under control, the policy option to be adopted is the fiscal policy in which the government can increase their spending on the economy, The fiscal policy also includes the reduction of the income tax as a way of increasing the purchasing power of the people. In addition, The banking sector will also be encouraged to start lending to the business sector as a way of boosting the economy and bring back the economy to the path of growth.
<span>the mix of output that will maximize society's satisfaction</span>
Answer:
Secretarial and Administration
Explanation:
Business, Management, and Administration can be defined as a strategic process which typically involves controlling, directing and organizing the personnel and resources of a business in order to achieve the goals and objectives of the business firm. Thus, it provides students with the requisite knowledge and skills for the effective and efficient management of the operations of a business based on factors such as finance, administrative functions, records, and secretarial.
Hence, the career pathway which describes the two main aspects of the Business, Management, and Administration career cluster are Secretarial and Administration. These two aspects deals with office management, records and book keeping, typing of documents, etc.
