The Competitive Strategy Choices for Small Businesses and Entrepreneurial Ventures

question 19

Multiple Choice

The competitive strategy choices for small businesses and entrepreneurial ventures are

• A) often limited to focus strategies.
• B) often limited to a low-cost strategy.
• C) often limited to a differentiated strategy.
• D) limited because of technological advances.
• E) almost nonexistent.

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Definitions:

Liquidating Partnership

The process of dissolving a business partnership by selling off assets to pay liabilities and distributing the remaining assets to the partners.

Capital Account Balances

The amount recorded in the financial statements of an entity that represents the funds contributed by owners or partners, including retained earnings and additional paid-in capital.

Final Distribution

The process of giving the last allocation or payout, often related to winding up an estate, a trust, or corporate dividends.

Market Value

The present cost that an asset or service is being traded for in the market.