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EOPA DMontford3

Entrepreneurship Pathway

QuestionAnswer
Define an autocratic leader. A leader who doesn't listen to other people but make all decisions by themselves.
Explain "slack resources" Extra cushion of resources
Define ethical dilemma. The difference between right and wrong
What are the four elements of the BCG Matrix Star, cash cows question marks and dogs
What is cost leadership? A competitive strategy by which a company aims to be the lost-cost leader in its industry.
Define vulnerability. Threats to the strengths of a company.
What is quality control? The process of a business that seeks to ensure the quality of their products/service meet the customer needs by testing their products or services
What is the "Zone of Indifference"? Cooperation and Acceptance of Authority
What are the three marketing strategies? Focus, differentiation and cost leadership
Define supervisory management. Managers who are directly responsible for supervising workers and evaluating their daily performance
Created by: DestinyMontford
Popular Management sets

 

 



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