The Savvy Entrepreneurial Firm Feature in Chapter 14 Focuses on SwitchFlops

question 13

Multiple Choice

The Savvy Entrepreneurial Firm feature in Chapter 14 focuses on SwitchFlops, a company that produces sandals with interchangeable straps. The primary takeaway from the feature is that savvy growth-minded startups ________.

• A) utilize both internal and external growth strategies
• B) emphasize internal rather than external growth strategies
• C) emphasize international growth strategies from their inception
• D) configure their products and services in ways that have built-in growth potential
• E) compete on the basis of quality rather than price

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Definitions:

Command And Control

A traditional management approach where decisions and instructions come from the top of the organizational hierarchy and are strictly followed by lower levels.

Regulatory Agency

A governmental body responsible for exercising supervisory authority over specific areas of economic or social activity, ensuring compliance with laws and regulations.

Carbon Tax System

A tax levied on the carbon content of fuels to incentivize reduction in greenhouse gas emissions.

Tax Rate

The percentage at which income, transactions, or properties are taxed by a government authority.