The Second Step of the Small Business Strategy Planning Process

question 52

Multiple Choice

The second step of the small business strategy planning process is considering with _____

• A)customers;benefits.
• B)competitive advantage;value chain analysis.
• C)prestrategy;VRIO analysis.
• D)benefits;industry analysis.

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Definitions:

Ventromedial

Pertains to a position that is both towards the bottom and the middle of a structure or an organ; often referenced in neuroscience to describe specific brain regions.

Basolateral

Pertains to the part and structures at the base and side(s) of a cell, often referencing the orientation in epithelial cells.

Corticomedial

Referring to an area of the brain that is in both the cortical and medial regions, often used in the context of the amygdala.

Allocortex

Part of the cerebral cortex (“outer bark”), composed of three or four layers; plays a role in controlling motivational and emotional states as well as in certain forms of memory.