4. What are the characteristics of the marketplace?
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A: Decision-making is an important aspect of every organization. It is a process of selecting the best…
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A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
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A: Productivity refers to the measure of the output per unit as compared to the input. Productivity can…
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A: The main objective of using the BCG matrix is to assist the business to prioritize what all business…
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A: Definition: External Factors are attributes or aspects that do not belong to an organization or a…
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A: Specifications limits are the extremes in terms of the numerical border of a process within which…
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A: McDonaldization is a theory in the society in which society, institution, and the organization adopt…
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A: The microenvironment of the business involves factors in the operational areas that affect the…
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A: OSHA stands for Occupational Safety and Health Administration.
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A: Business organization uses various tools to measure its performance. It is very important for a…
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A: FIRMS, NOT INDIVIDUAL NATIONS COMPETE IN INTERNATIONAL MARKETS:- Rivalry has consistently been…
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A: Technological innovations can be referred to as the introduction of new and advanced goods and…
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A: To understand any business the basic step is to investigate every one of the components identified…
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A: Ans A manager has a lot of tasks and basic operations to be done on a daily basis to manage their…
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A: The correct option is C . How to maximize private profit . A concept of an economic issue could be…
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A: Agribusiness is defined as the enterprises, sector, system, and area of study of the biological and…
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A: The enterprise system is also known as enterprise resource planning. There are different activities…
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A: Competitiveness: Competitiveness refers to the ability of an organization to satisfy the demands of…
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A: A business is a legal entity formed under the law having rights and responsibilities. Group of…
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A: А firm's mасrо-envirоnment соntаins elements thаt саn imрасt the firm but аre generаlly…
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A: SWOT analysis can be defined as a strategic analysis which is performed by every business to assess…
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A: Technology can help in more than one way to boost the competitiveness of an organization. For any…
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A: The answer is as follows:
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A: Organizations function in a dynamic environment which is subject to changes. The forces of the…
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A: The strategies given by Michael Porter help an organization to identify ways in which they can…
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A: Competitive Advanatage refers to factors that permit an organization to create products or…
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A: It is the duty of the manager to act as a bridge between the top management and employees and to…
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A: Barriers to entry are defined as the hindrances or the obstacles which make it difficult for the new…
Q: 10. What should the decisions be based on in the modern business world? Why?
A: In today's scenario, we have come across various changes in the method of doing business and…
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A: Strategic control systems: It is a tool for regulating and governing the activities of the manager.…
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A: All of the following are among the major forces considered to be in a company's microenvironment…
Q: All of the following are elements of the new competitive landscape EXCEPT: OA. technological change…
A: B.manufacturing
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- Being an entrepreneur means you are acquiring certain skills and abilities. Briefly describe the meaning of entrepreneur and any 4 different skills an entrepreneur must has to be successful?The founder of TikTok and ByteDance Zhang Yiming is considered a successful entrepreneur. Discuss in detail the following three characteristics of a successful entrepreneur: having an entrepreneurial mind-set; being alert to opportunities; and the ability to deal with uncertainty. Also indicate how entrepreneur Zhang Yiming demonstrates each characteristic?You have just graduated from the MBA program of a large university, and one of your favorite courses was “Today’s Entrepreneurs.” In fact, you enjoyed it so much you have decided you want to “be your own boss.” While you were in the master’s program, your grandfather died and left you $1 million to do with as you please. You are not an inventor, and you do not have a trade skill that you can market; however, you have decided that you would like to purchase at least one established franchise in the fast-food area, maybe two(if profitable). The problem is that you have never been one to stay with any project for too long, so you figure that your time frame is 3 years. After 3 years you will go on tosomething else. You have narrowed your selection down to two choices: (1) Franchise L, Lisa’s Soups, Salads, & Stuff, and (2) Franchise S, Sam’s Fabulous Fried Chicken. The net cash flows shown below include the price you would receive for selling the franchise in Year 3 and the forecast…
- You plan to open a new business. Before you can approach a potential investor, you will need a strong plan. Describe the purpose and components of a business model and write a one-paragraph business model description for a business of your choice.Now that you have identified a problem, provided a business idea to solve the problem and alsoreflected on your own entrepreneurial characteristics and possible business risks, you are nowgoing to interrogate whether your idea is indeed a business idea or a business opportunity, youwill also analyse the environment to assess whether environmental conditions are favourable foryou to enter into the business world.As with other tasks, you will need to conduct research beyond the textbook in order to completethis task.1. Justify whether your proposed solution/idea meets the characteristics of a successfulproduct or service idea.NB: Refer to characteristics of a successful product or service idea.It Ways Of starting a business. You will U Die entrepreneurial process, which starts with identifying and evaluating the opportunity. The heart of this module is the scanning of the marketing environment where you formulate a product or service solution applying the techniques of seeking, screening, and seizing opportunities. As a result, you will deal with analyzing the need of the market, think of the potential set of products or services that will meet the need, assess the feasibility of the solution, and select the best product or service De that will address the need. • PRE-ACTIVITY Directions: Answer the following. 1. In a scenario where you are creating a product to sell, what are the things that you need to consider? Why? 2. What are the role of your neighbors, friends, family members and the community if you are going to put up a business? 3 |Page
- According to the extract, entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit. Based on this, indicate a product or service you plan to start a business with. Explain how you generated the business idea and determined the feasibility of the idea.The founder of TikTok and ByteDance Zhang Yiming is considered a successful entrepreneur. Discuss in detail the following three characteristics of a successful entrepreneur: having an entrepreneurial mind-set; being alert to opportunities; and the ability to deal with uncertainty. Also indicate how entrepreneur Zhang Yiming demonstrates each characteristic? Answer this question in 750 wordsYou intend to start a business with a few friends producing independent movies for Netflix. You have heard of a concept called the liability of newness that suggest that that new firms are more likely to fail relative to older ones. Discuss 4 strategies that your entrepreneurial team will adopt to overcome this liability.
- discuss the objectives of an entrepreneur. use the below points as part of discussion 1. To gain control over one’s destiny 2. To reach full potential 3. To contribute to society and be recognised for their efforts 4. To start a new career 5. To make a profit1.What are some reasons for success or failure of entrepreneurs?2.What are the widely used legal structures for entrepreneurs? Explain each one and its implications for paying taxes.3.What method is commonly used to research trends in the market?4.What need in the market does your product or business fill?5.What are the four Ps of Marketing? Explain each one, you can include examplesExplain the four types of Preneurs and Give two example each; > Intrapreneurs > Solopreneurs > Entrepreneurs > Investorpreneurs