Exam 11: Preparing For And Attaining Growth: Strategies For Building Lasting Success

Why is developing new products or services that are related to the ones a company already offers a better way to grow than to get involved in products or services that are quite different?

High-growth companies have been shown to be more associated with practices that meet customers' needs than low-growth companies.

An inventor obtained a patent on a product and licensed the right to use the knowledge related to this patent to another company. This represents a

High growth companies tend to not set specific goals for growth;growth tends to just happen.

Which of the following types of companies tend to meet customers' needs better?

Developing a new product is an example of which of the following strategies?

"Scalable business model" refers to the idea that new increased revenues cost less to deliver than current revenues.

Define tenacity and explain how it tends to be related to growing a company.

Recently,Google purchased several companies and made them part of the overall company. This is known as

High-growth companies probably are more selective in hiring than are low-growth companies.

Growth of a new business might distract it from its original intention.

After initial success with her business,an entrepreneur studied the current customers and found that they would like a certain feature on a product that is not being offered by anyone now. She incorporated the new feature on the product for her customers. She has used what type of strategy?

An entrepreneur whose business sold wood products approached another small business owner whose company made decorative pieces for homes. The two started a new company together that would use the wood products from the one company to make decorative pieces by the other. This new business is known as

An acquisition occurs when two companies join together by mutual agreement.