Entrepreneurs' Choices That Affect the Nature of a Small Firm

question 22

Multiple Choice

Entrepreneurs' choices that affect the nature of a small firm and its basic direction are known as

• A) market-based decisions.
• B) tactical decisions.
• C) strategic decisions.
• D) focus-based decisions.

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Definitions:

Hypoxia

A condition where the body or a region of the body is deprived of adequate oxygen supply.

Black Lung Disease

A lung disease caused by inhaling coal dust over a long period, leading to lung damage and breathing difficulties.

Coal Mine

An excavation in the Earth for extracting coal, a fossil fuel used primarily for generating electricity and heating.

Pneumonia

An infection that inflames the air sacs in one or both lungs, which can fill with fluid or pus, causing coughing, fever, and difficulty breathing.