Answer: Independence
Explanation: Independence can be explained as a state of existence where one's personal decisions, actions or steps does not hinge on another person's approval or acceptance. It could be seen as a state of autonomy where one can personally decide and actions one feels is best for a certain process at a particular time.
As a business owner, one thinks and acts based on one's personal volition of what is best for his or her business without having to sit and discuss with a group of individual's who may habiur different perceptions or scope. This freedom is usually enjoyed by small business owners rather than large groups of companies or corporations.
Answer:
Substitutes
Explanation:
Competition in business occurs when a two companies produce and sell similar product. It is further grouped into direct and indirect competition.
While direct competition occurs between companies producing almost the same products , for example breweries producing beers , indirect competition happens between companies selling goods that are not directly similar but can also be used to achieve the same purpose if the other good is not available. Indirect competitors always have a way of sharing or winning over potential customers.
Answer:
test marketing
Explanation:
Test marketing is an experimental test of a product in a real life market. Buyers are studied in live shops or market without them knowing. It is conducted on a small scale to see the effectiveness of a marketing strategy.
When the products do not perform well at the test marketing phase it is assumed it will not also perform well in the real market, so they are termed failed products.
The marketing manager in Ithaca maintains a museum of failed consumer products from the test marketing stage.
Structure is concerned with how a process's inputs, actions, and outputs are arranged.
<h3>What do a process' outputs entail?</h3>
- The outcomes of group work are known as outputs, and the group or organization values these results.
- In order to maximize a team's performance, it "provides a mechanism to analyze how teams perform."
- The tangible results of a process, such as reports, meetings, and flyers, are what we refer to as outputs.
- While these items are helpful in and of themselves, they typically fall short of fulfilling the overall intent of the process.
- Some examples of results are Information (for instance, fresh information developed as a workshop contribution and/or information from meetings).
- Data sent by a computer is known as output. Computers can only process digital data.
To learn more about outputs, refer to:
brainly.com/question/15586089
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