GEE1_Unit II

GEE1_Unit II

University

10 Qs

quiz-placeholder

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GEE1_Unit II

GEE1_Unit II

Assessment

Quiz

World Languages

University

Practice Problem

Medium

Created by

CHERRY BARNEZA

Used 4+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

 It is the set of actions through which an organization  develops resources and uses them to deliver services or products in a way which its users find valuable, while meeting the financial and other objectives and constraints imposed by key stakeholders.

Strategy

Opportunity

Options

Business

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

According to Freedman (2003), strategy is best defined as:

A set of rules for executing company operations

A comprehensive marketing plan

A framework of choices that determine the nature and direction of an organization

A financial forecasting tool

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is a core characteristic of entrepreneurial strategy?

Focus on mergers and acquisitions

Following established industry practices

Developing new products and approaches in a constrained and competitive environment

Prioritizing stockholder dividends above all

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following entrepreneurial strategies emphasizes trusting one’s intuition?

Just Start

Trust Your Gut

Save Your Bucks

Spot a New Trend

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the main idea of “Buck the Conventional Wisdom”?

Ignore intuition and follow data

Avoid risks by following traditional methods

Question and challenge industry norms and best practices

Focus solely on customer feedback

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

6. Why is "Go on a Treasure Hunt and Find an Underserved Niche" an effective strategy?


It identifies lucrative markets overlooked by larger competitors

It reduces employee turnover


It guarantees government grants

It ensures low-cost product development

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The entrepreneurial strategy “Hit 'Em Where They Ain’t” emphasizes:


Copying competitor strategies


Targeting neglected or ignored market areas


Hiring retired athletes

Focusing on mainstream customer bases

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