Question 1

Describe the types of NFP marketing alliances.

Accepted Answer

The answer of Describe the types of NFP marketing alliances....

Question 2

Compare the terms cause-related marketing and not-for-profit marketing alliances.

Accepted Answer

The answer of Compare the terms cause-related marketing and not-for-profit...

Question 3

What are the features of entrepreneurial ventures?

Accepted Answer

The answer of What are the features of entrepreneurial ventures?...

Question 4

How do small businesses impact jobs?

Accepted Answer

The answer of How do small businesses impact jobs?...

Question 5

You recommend performing an external analysis for Chuck's Bikes and Trikes. The arguments to support this external analysis recommendation include
A) external environment aspects can affect the company.
B) gaining information on changes in customer expectations, competitors and their actions, economic factors, technological advances, and other marketplace features are important to the future of the company.
C) to detect subtle, but potentially damaging changes.
D) All of the answer choices are correct.
E) None of the answer choices is correct.

Accepted Answer

All of the answer choices are correct.

Question 6

Describe the characteristics of an entrepreneurial venture and a small business.

Accepted Answer

The answer of Describe the characteristics of an entrepreneurial venture...

Question 7

Explain the advantages and disadvantages of strategic planning with entrepreneurial ventures and small businesses.

Accepted Answer

The answer of Explain the advantages and disadvantages of strategic...

Question 8

Chuck's Bikes and Trikes is likely using the ________ strategy.
A) differentiation
B) low cost
C) focus
D) best cost
E) All of the answer choices are correct.

Accepted Answer

The focus strategy involves targeting a specific market niche, which is likely what Chuck's Bikes and Trikes is doing by specializing in bikes and trikes.

Question 9

Chuck Hanson encourages his employees to come with new ideas and ways to do business to replace existing practices. This process is called
A) destructive creativity.
B) innovation.
C) creative destruction.
D) All of the answer choices are correct.
E) None of the answer choices is correct.

Accepted Answer

Creative destruction refers to the process of overhauling old methods and ideas with new, innovative ones, which aligns with Chuck Hanson's encouragement for his employees to come up with new ideas and ways to do business.

Quiz 8: Module Special Topics in Strategy

Describe the types of NFP marketing alliances.

Compare the terms cause-related marketing and not-for-profit marketing alliances.

What are the features of entrepreneurial ventures?

How do small businesses impact jobs?

You recommend performing an external analysis for Chuck's Bikes and Trikes. The arguments to support this external analysis recommendation include

Describe the characteristics of an entrepreneurial venture and a small business.

Explain the advantages and disadvantages of strategic planning with entrepreneurial ventures and small businesses.

Chuck's Bikes and Trikes is likely using the ________ strategy.

Chuck Hanson encourages his employees to come with new ideas and ways to do business to replace existing practices. This process is called