Entrepreneurs Who Want to Start or Build a Business Based

question 39

Multiple Choice

Entrepreneurs who want to start or build a business based on inside-out analysis will first need to

• A) have an in-depth understanding of the general environment.
• B) select and implement a focus strategy.
• C) determine the strength, position, and likely responses of rival businesses.
• D) have a solid grasp of the resources and capabilities that are available to them.

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Definitions:

Mining Syndicates

Groups of investors or companies joined together for the purpose of resource extraction, particularly in the mining sector, pooling resources and sharing risks and profits.

Indian Affairs

Policies and actions relating to the management, interaction, and relations between the United States government and Native American tribes and individuals.

Royal Mounted Police

Refers to the Royal Canadian Mounted Police (RCMP), a national police service in Canada known for both community policing and federal law enforcement functions.

Armed Indian Resistance

Refers to instances where Indigenous peoples in what is now the United States and Canada took up arms to resist colonial or governmental encroachment on their territories.