Once the Vision and Mission Are Established,the Entrepreneur Needs To

question 54

Multiple Choice

Once the vision and mission are established,the entrepreneur needs to:

• A)select the target market.
• B)conduct market research.
• C)choose a competitive strategy.
• D)assess the firm's strengths and weaknesses.

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Definitions:

Perceptual Constancies

Refers to the psychological feature that allows humans to perceive objects as having constant properties, such as size and color, despite changes in the environment or perspective.

Size

A dimension that represents the magnitude of an object or its extent in space in one or more directions.

Shape

The external form or appearance of an object or figure, determined by its outline or surface.

Color

A characteristic of visual perception that comes from the light they emit or reflect, defined by qualities such as hue, saturation, and brightness.