NAME: ________________________

Strategic Management CH 13 Test

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4 Written Questions

3 Multiple Choice Questions

  1. is the process of creating a commercial product from an invention.
  2. is the adoption of a similar innovation by different firms.
  3. is the act of creating or developing a new product or process.

3 True/False Questions

  1. Entrepreneurshipthe process by which individuals, teams, or organizations identify and pursue entrepreneurial opportunities without being immediately constrained by the resources they currently control.

          

  2. International entrepreneurshipa process in which firms creatively discover and exploit opportunities that are outside their domestic markets in order to develop a competitive advantage.

          

  3. Entrepreneursare individuals, acting independently or as part of an organization, who perceive an entrepreneurial opportunity and then take risks to develop an innovation to exploit it.

          

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