Changing Nature of Business & Strategies and Solutions

Front

Michael is trying to solve a complex math problem. To break down this problem, he should ask himself which of the following over and over again? Who? And? How? When?

Back

And?

Front

According to their understanding, opportunities and threats are considered as internal factors. Is this correct?

Back

False

Front

In a SWOT analysis for their lemonade stand, Ava, Mason, and William would consider a weak competitor as a __________.

Back

Opportunity

Front

Nora went to a restaurant for dinner and had a terrible experience. She shared her experience with her friends Olivia and Jackson. Which type of risk would the restaurant face due to this?

Back

Reputational

Front

In a local market, Michael, Abigail, and Zoe are the only buyers. Does their buying power increase when there are fewer buyers like them?

Back

True

Front

Jackson, Avery, and Aiden started a pharmaceutical company. They realized that they would have to spend millions of dollars and many years developing new medicines. Therefore, they understood that the threat of entry is __________ in this industry.

Back

Low

Front

Scarlett, Nora, and Avery are working on a project to start their own company. They are in the process of USP analysis which requires determining their company’s __________.

Back

Unique selling proposition

Front

Abigail, Grace, and Lily are conducting a PEST analysis which consists of analyzing political, economic, __________ and __________ factors. What are these missing factors they should consider?

Back

Social; Technological

Front

In a group project, Kai, Avery, and Nora are trying to solve a business problem. They believe that the first step is to list all possible solutions. Is this true?

Back

False

Front

In a school project, Samuel, Luna, and Benjamin are trying to solve a problem. Which step in their problem-solving process would help them look back and remember all of the details they decided upon?

Back

Documenting the agreement they reached