The Functional Level in an Organization Is Where

question 140

Multiple Choice

The functional level in an organization is where

• A)groups of specialists actually create value for the organization.
• B)employees perform assigned tasks without actually having input into the decision making process.
• C)all financial outlays are made.
• D)all company hiring and firing occurs.
• E)the strategic planners in SBUs make all decisions regarding which product benefits will be promoted during a promotional campaign.

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Definitions:

Entrepreneurial Process

The sequence of steps an entrepreneur follows from conceptualizing a business idea to launching and growing a new business.

Opportunity

A set of circumstances that makes it possible to do something, especially to start a new business or launch a new product.

Timmons Model

A model of entrepreneurship that emphasizes the importance of opportunity, team, and resources, and how they are balanced and fit together.

Entrepreneurial Process

The sequence of steps and stages that an individual or team undergoes in launching and establishing a new business venture, from conception to realization.