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Can you help me with these MCQs Please? Thank you 1.People who have an invention and form a company to exploit it are examples of:

Can you help me with these MCQs Please? Thank you

1.People who have an invention and form a company to exploit it are examples of:

  • Incremental innovators
  • Organisational Entrepreneurs
  • Social Entrepreneures
  • Technical Entrepreneurs

2. An example of a successful cluster is:

  • the supermarket industry
  • 3M, which creates more than 2000 new patents every year
  • Silicon valley
  • Apple

3. Advantages of corporate innovators include:

  • Economies of scale
  • Economies of scope
  • Resources to support large scale R&D
  • All of the above

4. Social Enterprises are:

  • Organisations that address a basic unmet need of solve a social problem through a market-driven approach
  • Organisations that address a basic unmet need of solve a social problem outside of markets
  • Focus on profit
  • Bring radical innovations to the market

5. A definition of people who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards is:

  • Entrepreneur
  • Strategist
  • Exporter
  • All of the above

6. To create competitive advantage the Resource-based view considers an asset must be:

  • valuable, rare, inimitable, organised
  • valuable, rare, intellectual property, organised
  • worth more than the input factors
  • comparable to a competitors

7. Which of the following is NOT considered a resource or asset class in the Resource-Based View?

  • Capabilities
  • Tangible Assets
  • Intangible Assets
  • Competitive Assets

8. SWOT analysis considers the following:

  • strengths, weaknesses, opposition and threats
  • strengths, weaknesses, opportunities and threats
  • strategy, weaknesses, opportunities and threats
  • the costs in the supply-chain

9. Which of these overseas market entry modes gives the most control?

  • Turnkey investment
  • Franchising
  • International Joint-Venture
  • Wholly owned subsidiary

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