Social Entrepreneurship Primarily Involves a Person or Group

question 71

Multiple Choice

Social entrepreneurship primarily involves a person or group:

• A) creating new charitable and civic organizations which are financially self-sufficient.
• B) bringing new products or services to market.
• C) owning their own for-profit business.
• D) revitalizing government agencies.

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Definitions:

Competitive Advantage

The attribute that allows an organization to outperform its competitors.

Organization Strategy

The overarching plan or direction a company adopts to achieve its long-term goals and objectives, taking into account its resources, capabilities, and environment.

Growth Stage

A phase in the product life cycle where a product's market acceptance and sales begin to increase significantly.

OM Strategies

Operational management strategies that focus on improving efficiency, productivity, and competitiveness of an organization's operations.