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4 Written questions

4 Multiple choice questions

  1. the process of taking entrepreneurial actions using a strategic perspective by combining entrepreneurial and strategic mgmt processes to enhance the firm's ability to innovate, enter new markets, and improve its performance
  2. a firm that acquires a fully developed product from another entity or acquires an innovation capability by buying another company
  3. a process of 'creative destruction' through which existing products, methods of production, or ways of administering or managing the firm are destroyed and replaced with new ones
  4. firm uses its own resources and capabilities to create products

3 True/False questions

  1. process innovationfirm uses its own resources and capabilities to create products


  2. entrepreneurial opportunitiescircumstances suggesting that new goods or services can be sold at a price exceeding the costs incurred to create, make, sell, and support them


  3. innovationnew means of producing, selling, and supporting goods and services.


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