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EOPA AStreeter2

Entrepreneurship Pathway

QuestionAnswer
What is differentiation? Making a product or service unique.
What are "Slack resources"? In the business and management literature, is the level of availability of a resource.
What is ethical dilemma(as it relates to ethics)? Difference between right and wrong.
What are four elements of BCG matrix? Stars, cash cows, question marks, and dogs.
What does Star stand for? High growth, high market share
What does Cash Cow stand for? Low growth, high market share
What does Question Mark stand for? High growth, low market share
What does Dogs stand for? low growth, low market share
What are the three types of corporate level strategy that a business can employ? Value-Creating strategy, Value-Neutral strategy, and Value-Reducing strategy.
What are Corporate level strategies concerned with? The strategic decisions a business makes that affects an entire organization.
Created by: angelstreeter1
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