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Entrepreneurs Participate in Which of the Following Business Environments

question 118

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Entrepreneurs participate in which of the following business environments?

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Definitions:

Social Audit

A systematic assessment of a firm’s objectives, strategies, and performance in terms of social responsibility.

Business Mission

A statement that defines the purpose or goal of a business, outlining why it exists and what it aims to achieve.

Strategic Marketing Process

The approach whereby an organization allocates its marketing mix resources to reach its target markets.

SWOT Analysis

An acronym describing an organization’s appraisal of its internal Strengths and Weaknesses and its external Opportunities and Threats.

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