________ use networks of contacts more than formal authority.
A) Managers
B) Entrepreneurs
C) Small businesses
D) Franchisees
E) Franchisors

Question

Quizplus · Accepted Answer

Entrepreneurs typically rely on their networks of contacts, such as mentors, advisors, and other business owners, to gain information, resources, and opportunities, rather than solely relying on formal authority. Managers may also use networks, but they typically have more formal authority within established organizations. Small businesses, franchisees, and franchisors may use both formal authority and networks to varying degrees.

________ Use Networks of Contacts More Than Formal Authority