A Business Practice or Process That Results in Better Performance

question 33

Multiple Choice

A business practice or process that results in better performance than one's competitors is known as __________.

• A)association perspective
• B)competitive advantage
• C)strategic alliance
• D)strategic perspective
• E)planned perception

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Definitions:

Angel Investor

A wealthy individual willing to invest in a new venture in return for an equity stake.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation, representing assets minus liabilities.

Venture Capitalists

Individuals who make large investments in new ventures in return for an equity stake in the business.

Management Role

Refers to the functions and responsibilities assigned to managers, including planning, organizing, leading, and controlling.