Opportunity seeking is the last step and is the most difficult process of all due to the number of options that the entrepreneur will choose from.
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- Q48 Where do our values come from? Select one: a. They are a product of the economic system within which we live b. They are a product of social inequality c. They are a product of our upbringing and our parents d. They are a product of what we are taught at school13. What is the term given to the groups, individuals, and organizations that are directly affected by the practices of an organization? A) Primary agents of interest B) Social auditors C) Competitors D) Organizational stakeholders 14. The Chinese government controls all factors of production, the Chinese government has which type of economic systems? A) Capitalism B) Socialism C) Market D) CommunismA rapidly changing economic environment might also have a __________________________ impact on the choice of education profiles and career paths of citizens. Select one: A. None of the given options B. Negative C. Neutral D. Positive
- "Textile sector of Pakistan may be in threat due to influx of Chinese Products. If local players do not adopt advanced technology, their businesses may suffer a lot. This concept refers to_____" Environmental decline or competition Vulnerability Organizational Atrophy None of the Above In which one of the following environment sectors would the increasing Hispanic population be most likely to be placed? Economic conditions sector Technology sector Sociocultural sector Government sector The company is compelled to follow the protocols laid down by the regulatory body. This concept refers to___________. Generalist Strategy Normative Mimic Coercion Who or what is noted for the development of a popular and effective model of competitive forces and strategies that is used by organizations for strategy formulation? Raymond Miles Michael E. Porter Charles…Determine from the following choices, factors that are classified under the economic environment. a. unemployment and inflation b. educational qualifications of consumers c. culture of the country d. number of competitors Clear my choice11 Economic factors have no effect on consumer spending and buying behavior. Select one: a. False. b. True.
- answer in short Outline the risks faced by agricultural producers and the methods of managing these risks. 1. Which of the following methods does not help reduce production risks? a. buy disease-resistant seed varieties b. select stable enterprises c. Invest in excess machinery capacity d. sell crops to a farmers market e. diversify crops and/or business 2. Which of the following methods does not help reduce marketing risks? prepare a marketing plan Stockpile production inputs know your competitors recognize comparative marketing advantage integrate vertically to ensure a market or form marketing alliance 3. Which of the following method does not help reduce risk in financial decisions? expand markets for your production develop a realistic financial plan improve the record-keeping system to increase credit availability invest in fewer risky enterprises Use fixed-interest rate loansWhich of these is not a macro-environment factor? a. media forces b. economic forces c. political and legal forces d. natural forcesQ2. Identify ONE Megatrend from each of the following trends impacting your preferred career Social Technological Economical Environmental Political Legal
- 1. Any business has this technical aspect, may it be small or big _____. 2. Interest rates and inflation rates are considered immediate factors on an economic environment Group of answer choices True False 3. It is a social state where there exist one producer of good or service and the buyer has no other options to buy commodity in a market place1. How does market environment affect the business? 2.Which of these political factors will be a threat to the retail store? a. unstable employment rate b. higher consumption c. unstable government d. higher inflation
