Enterprise Cycle Fifth Stage Scenarios
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Questions and Answers

What is considered the 'inner life force' of an enterprise operation?

  • Money, market, machines, methods, materials
  • Organization (correct)
  • Manpower
  • Product or service
  • In the enterprise life cycle, which factor is described as the 'outer life force'?

  • Environmental Conditions (correct)
  • Market
  • Government
  • Industry
  • What does a marketing plan aim to guide a business towards?

  • Reducing operational costs
  • Achieving customer satisfaction at a profit (correct)
  • Maximizing profits
  • Expanding market reach
  • Which of the following activities is NOT typically associated with marketing according to the text?

    <p>Product Development</p> Signup and view all the answers

    What is the sixth 'M' introduced in the enterprise operation context?

    <p>Manpower</p> Signup and view all the answers

    Which element represents the 'visible life' of an enterprise according to the text?

    <p>Product or service</p> Signup and view all the answers

    What is the primary objective of environmental scanning in the context of establishing an enterprise?

    <p>Identify opportunities and assess risks and threats</p> Signup and view all the answers

    During the implementation phase of establishing an enterprise, what resources are deployed?

    <p>Human resources</p> Signup and view all the answers

    What is a critical aspect to consider during the implementation phase of establishing an enterprise?

    <p>Establishing sound management guidelines</p> Signup and view all the answers

    Which step in the enterprise life cycle involves production going into full gear and gaining market acceptance for products or services?

    <p>Commercial operations</p> Signup and view all the answers

    What is a key activity during the evaluation of alternatives phase when exploiting an opportunity?

    <p>Devising pay plans and incentive schemes</p> Signup and view all the answers

    Which of the following is crucial for determining the sustainability of a business according to the text?

    <p>Establishing sound management guidelines</p> Signup and view all the answers

    What are the four possible scenarios that can emerge in the fifth stage of the enterprise cycle?

    <p>Expansion, Integration, Contraction, Consolidation</p> Signup and view all the answers

    What does 'Integrating Backward' in the context of enterprise operations refer to?

    <p>Taking ownership of suppliers</p> Signup and view all the answers

    Which action is typically associated with 'Enterprise consolidation'?

    <p>Removing excess 'fat' and streamlining operations</p> Signup and view all the answers

    What is the significance of 'Repositioning' in the enterprise life cycle?

    <p>Redefining the market position and strategy</p> Signup and view all the answers

    Which term describes an enterprise's efforts to uplift the quality of life of its workers and customers?

    <p>Primordial</p> Signup and view all the answers

    What does 'Integration Forward' entail in the context of enterprise activities?

    <p>Taking ownership of all parts of logistics, from raw materials to end-consumer</p> Signup and view all the answers

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