Question
13. The purpose of all good small business strategy is __ A. to increase turnover. B. to increase profitability. C. to achieve competitive advantage. D. to achieve stated objectives. 14. A __ can be defined as a specifically evolved work plan to achieve a specific objective within a specific period of time A. Idea generation B. Opportunity Scanning. C. Project. D. Strategy. 15. Which theory does entrepreneurship and economic growth take place when economic conditions are favorable in a particular locality A. Economic theory B. Social theory C. Psychological Theory D. None of the above
Answer
4.5
(326 Votes)
Abel
Master · Tutor for 5 years
Answer
13. D14. C15. A
Explanation
13. The question is asking about the main purpose or goal of any effective small business strategy. All of the options are potential aims in a business strategy, but the key is to recognize which option provides a more comprehensive outcome.14. The question is asking for the term that refers to a specially devised course of action with the intent to achieve a particular aim or objective over a certain period. All of the given options correspond to business-related concepts, but we want to determine which one matches with the given description.15. The question is asking about the theory that links favorable economic conditions in a specific area to entrepreneurial activity and related economic growth. The issue here requires understanding the essentials of economic, social, and psychological theories and their relations to entrepreneurship and economic growth.