BUSN 115 STUDY Career Path Begins/busn115study.com BUSN 115 STUDY Career Path Begins/busn115study.com | Page 29

has a revenue of less than $750,000
is independently owned and operated and not dominant in its field
is funded through personal lines of credit and has fewer than
1,000 employees
Question 5.5. (TCO 1) You own Wash This Way Laundromat in a
busy part of town. ABC Laundry, a chain store competitor, opened
across the street in a busy shopping strip. You decide to improve your
business by adding an internet café offering free Wi-Fi. Why? (Points
: 5)
To promote private ownership of businesses
To improve quality of life
To exceed customer expectations
To expand your market
Question 6.6. (TCO 2) These are government policies aimed at
shielding a country's industries from foreign competition. (Points : 5)
Tariffs
Free-market capitalism
Protectionism
Import quotas
Question 7.7. (TCO 3) One advantage of offshore outsourcing is
_____. (Points : 5)
less strategic tasks can be sourced so that companies can focus on
sales and marketing