Match the Term with Its Definition

question 35

Multiple Choice

Match the term with its definition.
-A circumstance or development that alone could render a new business unsuccessful

• A)capabilities
• B)competitive advantage
• C)competitive environment
• D)core competencies
• E)cost-based strategy
• F)differentiation-based strategy
• G)entrepreneurial alertness
• H)fatal flaw
• I)feasibility analysis

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Definitions:

Permanent Structures

Buildings or constructions meant to be durable and to exist for a long period without significant alteration.

Ownership Interest

The legal right or claim a person has in a property or business, usually expressed as a percentage.

Estate

An interest in land. Property owned by a decedent at the time of his death.

Fee Simple Absolute

The highest form of land ownership, which gives the owner the right to possess and use the land for an unlimited period of time, subject only to governmental or private restrictions, and unconditional power to dispose of the property during his lifetime or upon his death.