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4 Written questions

4 Multiple choice questions

  1. circumstances suggesting that new goods or services can be sold at a price exceeding the costs incurred to create, make, sell, and support them
  2. the development of something new- a new good, a new type of service, or a new way of presenting a good or service
  3. 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
  4. an organization-wide reliance on entrepreneurship and innnovation as the link to solid finc performance

3 True/False questions

  1. innovating by cooperatingthe development of something new- a new good, a new type of service, or a new way of presenting a good or service

          

  2. entrepreneurshipa 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

          

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