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ENTREP MIDTERM EXAM

Authored by Neiah Biera

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ENTREP MIDTERM EXAM
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35 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

The entrepreneur’s mental picture of the result he wants to achieve in the future.

A. Mission

B. Vision

C. Goals 

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

General guidelines that explain what you want to achieve in your business in the long run.

A. Mission  

B. Vision

C. Goals 

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Strategies or implementation steps to attain identified goals.

A. Mission

B. Goals

C. Objectives

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Used by an organization to explain its purpose of existence in simple and concise terms.

A. Mission

B. Goals

C. Objectives

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Defining characteristics that make a business stand out in the competition.

A. Weaknesses

B. Opportunities

C. Core competencies

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Negative internal factors that restrain the accomplishment of a company’s mission, goals, and objectives.

A. Weaknesses

B. Opportunities

C. Core competencies

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Aims to be the lowest-cost producer in its industry.



A. Differentiation

B. Focus Strategy

C. Cost Leadership

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