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EOPA DMontford3
Entrepreneurship Pathway
Question | Answer |
---|---|
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 |