Question 1

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?

Accepted Answer

The answer of Why is developing new products or services...

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A)  merger. 
B)  technology license. 
C)  merchandise license. 
D)  trademark. 
E)  internal strategy.

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A)  Chemical companies. 
B)  Sole proprietorships. 
C)  High-growth companies. 
D)  Partnerships. 
E)  Licensed companies.

Question 6

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

Accepted Answer

A)  Advertising. 
B)  Internal. 
C)  Low-growth. 
D)  External. 
E)  Managerial capacity.

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

The answer of Define tenacity and explain how it tends...

Question 9

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

Accepted Answer

A)  an acquisition. 
B)  a merger. 
C)  an internal strategy for growth. 
D)  a license for intellectual property. 
E)  joint venture.

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

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?

Accepted Answer

A)  External. 
B)  Global. 
C)  Innovative business practice. 
D)  Goal-setting. 
E)  Passion.

Question 13

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

Accepted Answer

A)  a licensed business. 
B)  a spin-in company. 
C)  a joint venture. 
D)  a global alliance. 
E)  a self-efficacy company.

Question 14

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

Accepted Answer

A) True 
 B)False

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 acquisition occurs when two companies join together by mutual agreement.