Answer the questions given below by encircling the letter of the correct answer. 1. The entrepreneurs who create new ideas are called? a. Innovative c. Fabian b. Imitating d. Drone 2. The entrepreneur who lives on the labor of others is called? a. Drone c. Imitating b. Fabian d. Innovative 3. These are entrepreneurs who are to follow the path shown by innovative entrepreneur. a. Innovative c. Social Entrepreneurs b. Imitating d. Fabian
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- 1. List five ways that business research can contribute to effective business decision making. 2. Define business opportunity, business problem, and symptoms. Give an example of each as it applies to a university business school. 3. What are the three types of business research1. The hedgehog concept empowers the company to take advantage of the latest market trends or any new opportunities. TRUE FALSE 2.The Return Driven Strategy framework provides a structure for reviewing and evaluating strategies with the goal of creating long-term sustainable value. TRUE FALSE 3.The Return Driven Strategy framework can facilitate development of performance measures to monitor the performance of strategies as well as assess and manage strategic risks. TRUE FALSEHere i should calculate the CLV using excel to show the numbers and word to write the meaning of these calculations i dont know which equations should i use! 1:B2B company for renting modern office space for small businesses is trying to decide which segment of customers it should enter. The options for it are divided into three segments: (a) technological startups, (b) lawyers and accountants, and (c) private therapists. After thorough market research, the following assessments of the characteristics of each segment were obtained: Estimated segment size Willingness to pay a monthly fee per office Maintenance cost per month Departure rate Startups Estimated segment size10,000 Willingness to pay a monthly fee per office 3000 $ cost per month 400$. in the first month - a departure rate of 10% and then the departure rate increases by 1.05 every month. Lawyers Estimated segment size 5,000 Willingness to pay a monthly fee per office CPA 6,000 $ Maintenance cost per month 1,000$. in the…
- 2. Imagine you are the CEO of an organization. Your work is expanding and you need to hire people who are experienced and skillful in their fields such as marketing. a. Explain what type of problem exist in above given situation? and what type of decision could be taken? b. Elaborate the decision-making process through which you will be able to hire best marketing employees?Why does a company needs financial objectives? A) to convince shareholders that top management is acting in their interests. B) because without adequate profitability and financial strength, the company's ultimate survival is jeopardized. C) to indicate to employees that financial objectives always take precedence over strategic objectives. D) to translate the company's business model into action items. E) to overtake key competitors on such important measures as net profit margins and return on investment.1. Outline the difference between a business idea and a business opportunity? Why is this distinction important? 2. Define business concept statement, in your own words. Outline its main elements. 1. Identify three (3) features of the Five Competitive Forces Model and discuss how they operate to affect the profitability of firms in an industry. 2. Describe a business start-up you are contemplating and explain why you have made this choice. 3. Identify and discuss the four (4) major components of a business feasibility analysis. 4. a) What is the purpose of conducting a business feasibility analysis? b) When is the best time to conduct a feasibility analysis? c) Justify your response.
- . Ideate: You will produce a ‘first iteration’ of a New Venture Proposal (NVP). The NVP must involve an original business concept of your own (so not merely ripping off existing products) and should evidence strong entrepreneurial thinking: address an attractive market opportunity, provide differential value to users, and define a consistent business model.1.The majority of entrepreneurial start-ups:a. desire to growb. are conflicted about growthc. want to grow when the economy is strong but not when the economy is weakd. do not want to grow2.Venture capital companies are ________ of investment manager that raises money in the form of "funds" to invest in start-ups and growing businesses.a. finance organizationsb. consortiumsc. collationsd. limited partnerships3.Businesses that have the ability to develop and grow faster over a sustained period of time are those that:a. are cost leaders who actively advertise themselvesb. have a significant effect on the life of their customers and offer high-quality productsc. take advantage of environmental trends and are cost leadersd. overcome a problem or have a large effect on the productivity or lives of their consumers4.Any effort that improves the consistency of a good, makes it more comfortable to use, increases its durability, or brings it up to date falls under the category of:a. geographic…1. Expanding the Invention Quest: Staples should consider expanding the reach and scope of the Invention Quest to attract a wider range of inventors. This can include hosting regional events, collaborating with educational institutions, and utilizing online platforms to gather a more extensive pool of innovative ideas. 2. Providing mentorship and resources: Staples can offer mentorship and resources to finalists and winners, including expert guidance in product development, marketing, and patenting. This will enhance the chances of success for inventors and their inventions. 3. Partnering with inventors: In addition to licensing agreements, Staples can explore partnerships with inventors for long-term collaboration. This can include ongoing product development, exclusive product launches, and shared marketing efforts. 4. Expanding the product line: Staples should continuously expand its exclusive product line by investing in the development and marketing of innovative products. This…
- what general topic is of interest to me?1.what is your track and strand?2.what specific lesson or issue in your strand that caught your interest the most 3.who are the persons that i want to study?4.where is the specific location of the research study?5.how long will my study take?6.is my topic timely and revelant?7.are there enough available resources?Using what you learned about TripAdvisor TripAdvisor Business Model Canvas (innovationtactics.com) TripAdvisor Business Model Canvas (innovationtactics.com) Share with us what you feel is one of the most interesting, compelling pieces of this business? Identify which of the 9 key components this information falls within (for example it could be: how TripAdvisor actually makes money being a "reviews" page or these are Tripadvisor's key competitors and this is one that actually surprised me...). Have you ever used TripAdvisor or posted on TripAdvisor? What was your experience? Pick an international dream vacation spot. Lookup a hotel that has a 4.8 out of 5.0 rating or higher in that destination. Examine a few reviews. Share with us your destination spot and a link to the hotel. Would the reviews of this property make you decide to book there? Why could user-generated content/feedback be seen as a revenue stream?All of them solve. 1.Customer insights are an important outcome of marketing research. True or False 2.A product that offers fewer benefits at a higher price than the competition can be said to have a losing value proposition. True or False 3.Comparative advertising is focused on comparing a product’s benefits to its costs. True or False 4. In a SWOT analysis, both strengths and opportunities are internal to the organization. True or False