Question

After a year of mentoring, andrew is starting his own bakery. he has listened to all of his mentor's advice, especially about developing networks. to help him out, his father's friend, who owns a supermarket, offers him a supply of flour and sugar at discount prices. andrew's close friend, who is a real estate agent, gives him advice on how to get a large loft in the downtown area at a reasonable price. his mother, who has strong political ties in the community, uses her contacts with locals to spread the word about andrew's new business. andrew now possesses high level of _______ capital.

Answer 1

Sorry I don’t understand

Answer 2

Answer:

The correct answer is ''social'' capital.

Explanation:

To begin with, in sociology the term social capital is known for being the one that comprehends the interaction of a group of individuals and the relationships that those individuals have. Moreover, this concept allegates the consequences from those relationships between the members involved and therefore it also establishes the importance of the social networks and how these networks improves the perfomance of the diverse groups.

Secondly, in thise case where Andrew wants to start a new business and he has several contacts that would help him, like his father's friend, his mother and his friend it is understandable that he possesses a high level of social capital due to the fact that those people are willing to help him and this is an example of strategic alliances that encourage the bussiness to grow.