🟡 Freshman Entrepreneurship Chapter 7 Top 10 Exam Questions Ethio Pro Education | ጨርሰናል በርቱልን 🙏 |

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Entrepreneurship Chapter 7  Managing Growth and Transition Top 10 Final Exam Answers

1. Answer: B. Opportunities, Teams, Resources
Explanation: The Timmons Model identifies these three critical factors that entrepreneurs must balance - identifying opportunities, building strong teams, and securing necessary resources for business success.

2. Answer: D. Market Penetration
Explanation: In the Ansoff Matrix, market penetration involves increasing sales of existing products to existing markets, typically through increased marketing efforts or competitive pricing.

3. Answer: C. Technological Innovation
Explanation: The Triple Bottom Line consists of economic, social, and environmental sustainability - technological innovation, while important, is not one of its core pillars.

4. Answer: B. All individuals/groups affected by the company
Explanation: Stakeholder theory argues that businesses should consider all stakeholders (employees, customers, communities, etc.), not just shareholders.

5. Answer: B. Trustworthiness
Explanation: Trustworthiness in business ethics specifically involves keeping promises and honoring commitments made to others.

6. Answer: B. Overwhelmed customer service
Explanation: Rapid growth often strains customer service capabilities as businesses struggle to maintain quality while handling increased demand.

7. Answer: B. Ethical Responsibility
Explanation: Ethical responsibility in CSR goes beyond legal requirements to do what is morally right, even when not mandated by law.

8. Answer: B. Conserving natural resources
Explanation: Environmental sustainability focuses on responsible resource use to ensure availability for future generations.

9. Answer: D. Diversification
Explanation: Diversification (new products in new markets) is the riskiest Ansoff strategy as it involves entering completely unfamiliar territory.

10. Answer: B. Equal treatment and tolerance for diversity
Explanation: The ethical principle of fairness emphasizes equitable treatment of all individuals and respect for differences.

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