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EOPA ABrathwaite2

Entrepreneurship

QuestionAnswer
What is Democratic Leadership ? Often the best kind of leaders they listen to other people's opinions and encourage the exchange of ideas.
what is the definition of slack resources -? a way to maintain flexibility in a plan
define differentiation Making a product of service unique
what are the four elements of BCG Matrix ? star - High growth ,high market , cash cow - low growth high market share question mark - high growth low market share dog - low growth low market share
what is quality control ? The process of a business that seeks to ensure the quality of their products/services meet the customer needs by testing their products of service
Value -Reducing strategy This happens on an organization - wide level when the stakeholders or customers perceive that the business is getting too big for it's britches or that only the top - level executives are benefiting from diversification what is the role of the government in a business ? In a market company the government serve as a regulator
what is Laissez - Fair leader -? Hands off leader they simply choose not to lead . Example of a benefit form would be? Vaccinations , roads, libraries , parks, schools
Created by: arie98_