1. Which theory involves Scientific Management?
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2. Who believed that workers were only motivated by money and should be paid on piece rate?
3. What is Value?
- Total amount spent by the customers buying products
- How much a product is worth before tax
- How much a product is sold for
- Price - Raw material costs
4. What is a disadvantage of a Niche Market?
- Very small and unable to support competing firms
- A large sector of the market and firms challenge them
- They cater for the needs of specific individuals
5. What is a Niche Market?
- A small market segment
- A large sector of the market
- A type of mass market
- A popular branch of ecommerce
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