Question 1

To prevent pressures on the financial resources created by growth,the venture should avoid resource slack.

Accepted Answer

A) True 
 B)False

Question 2

Entrepreneurs in the _____________ quadrant of firm growth aspire to grow their businesses and possess the ability to do so.

Accepted Answer

A) Constrained growth 
B) Unused potential for growth 
C) Actual growth 
D) Little potential 
A) Constrained growth 
B) Unused potential for growth 
C) Actual growth 
D) Little potential

Question 3

When compared to the costs of carrying excess inventory,the cost of lost sales is insignificant and should be ignored.

Accepted Answer

A) True 
 B)False

Question 4

Most entrepreneurs could benefit from implementing time management techniques.

Accepted Answer

A) True 
 B)False

Question 5

Many entrepreneurs find that as they grow they need to change their management style.

Accepted Answer

A) True 
 B)False

Question 6

Involving employees in the decision-making process is:

Accepted Answer

A) a passive management style. 
B) a participative management style. 
C) an autocratic management style. 
D) impossible for small businesses. 
A) a passive management style. 
B) a participative management style. 
C) an autocratic management style. 
D) impossible for small businesses.

Question 7

Entrepreneurs that have a high ability to institute professional management practices but have low growth aspirations have "little potential" for growth.

Accepted Answer

A) True 
 B)False

Question 8

In a horizontal diversification strategy,growth:

Accepted Answer

A) involves taking a step back (up)the value-added chain. 
B) occurs at the same level of the value-added chain. 
C) involves taking a step forward (down)the value added chain. 
D) involves opportunities unrelated to the existing value-added chain. 
A) involves taking a step back (up)the value-added chain. 
B) occurs at the same level of the value-added chain. 
C) involves taking a step forward (down)the value added chain. 
D) involves opportunities unrelated to the existing value-added chain.

Question 9

The strategy for growth in which the entrepreneur encourages existing customers to buy more of the firm's current product is a:

Accepted Answer

A) penetration strategy. 
B) product development strategy. 
C) market development strategy. 
D) diversification strategy. 
A) penetration strategy. 
B) product development strategy. 
C) market development strategy. 
D) diversification strategy.

To prevent pressures on the financial resources created by growth,the venture should avoid resource slack.

Entrepreneurs in the _____________ quadrant of firm growth aspire to grow their businesses and possess the ability to do so.

When compared to the costs of carrying excess inventory,the cost of lost sales is insignificant and should be ignored.

Most entrepreneurs could benefit from implementing time management techniques.

Many entrepreneurs find that as they grow they need to change their management style.

Involving employees in the decision-making process is:

Entrepreneurs that have a high ability to institute professional management practices but have low growth aspirations have "little potential" for growth.

In a horizontal diversification strategy,growth:

The strategy for growth in which the entrepreneur encourages existing customers to buy more of the firm's current product is a:

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 13: Strategies for Growth and Managing the Implication of Growth

To prevent pressures on the financial resources created by growth,the venture should avoid resource slack.

Entrepreneurs in the _____________ quadrant of firm growth aspire to grow their businesses and possess the ability to do so.

When compared to the costs of carrying excess inventory,the cost of lost sales is insignificant and should be ignored.

Most entrepreneurs could benefit from implementing time management techniques.

Many entrepreneurs find that as they grow they need to change their management style.

Involving employees in the decision-making process is:

Entrepreneurs that have a high ability to institute professional management practices but have low growth aspirations have "little potential" for growth.

In a horizontal diversification strategy,growth:

The strategy for growth in which the entrepreneur encourages existing customers to buy more of the firm's current product is a:

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters