Entrepreneurship, Competitive Environment, Innovation and CS

A competitive advantage is where a business has an advantage over its competitors

• True

• False

A business can have competitor advantage by

• Decreasing their pricing

• Improve the quality of the product or service

• Only selling online

• Keeping its products the same and increasing their price

Entrepreneur skills consist of having skills such as:

• leadership, creativity, low enthusiasm

• creative thinking, distracted, problem solvers

• teamwork, good communication, deception

• problem solving, critical thinking, creative thinking

Morals are what you believe to be right and wrong

• True

• False

CSR stands for

• Corporate Societal Response

• Communication Selling Rates

• Corporate Social Responsibility

• Candy Store Rules

Sustainability means:

• Using products that benefit now and the future

• Throwing out items in good condition

• using recyclable materials

• Answer A & C

Ethics is about morally correct behaviour and Corporate Social Responsibility (CSR) is about being responsible to shareholders and stakeholders

• True

• False

Innovation is

• having a new idea, method or product

• thinking you're always right

• being innocent