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.

Question

Quizplus · Accepted Answer

Social capital refers to the resources and connections gained through social networks and relationships. Andrew has benefited from his father's friend, his close friend, and his mother's political ties to obtain discounted supplies, real estate advice, and advertising through word of mouth. This demonstrates Andrew's high level of social capital. While Andrew may also possess other types of capital such as entrepreneurial or human capital, the given information in the passage suggests that his social capital is the most prominent.

After a Year of Mentoring,Andrew Is Starting His Own Bakery