An Entrepreneur Wants His Business to Grow

question 10

Multiple Choice

An entrepreneur wants his business to grow. He is trying to make that happen by focusing on developing new products that can use the same production and marketing facilities and skills that the company already has. This represents what type of strategy?.

• A) First mover.
• B) Quality.
• C) Self-efficacy.
• D) Internal.
• E) External.

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Definitions:

Actuator

A device that produces mechanical motion in response to an electrical, air, or hydraulic signal.

Pilot Operated

A system or valve controlled indirectly through the use of a smaller, pilot valve rather than directly by mechanical means.

Flow Control

The regulation and management of the rate or volume of flow in a system, such as fluids in pipelines or data over networks, to meet certain conditions or requirements.

Directional Control

The mechanism or system used to steer or change the direction of a vehicle or a machine part.