Across
- 4. analysis a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats
- 6. a newly established busines
- 7. competencies a defining capability or advantage that distinguishes an enterprise from its competitor
- 9. strategy Approach under which a firm aims to develop and market unique products for different customer segments
- 10. advantage a condition or circumstance that puts a company in a favorable or superior business position
- 11. recognition are ways in which entrepreneurs identify potential ways towards identifying new business
- 14. the occurrence and development of events by chance in a happy or beneficial way
- 15. the extent of someone's or something's ability
- 17. decision Regards the direction a firm will take in relating to its customers and competitors.
- 18. an action or strategy that may be adopted in adverse circumstance
- 19. environment is composed of the nonspecific elements of the organization's surroundings that might affect its activities
Down
- 1. strategy Cost based pricing is the easiest way to calculate what a product should be priced at.
- 2. flaw A circumstance or development that alone could render a new business unsuccessful
- 3. strategy Restricting focus to a single subset of customers
- 4. a plan of action or policy designed to achieve a major or overall aim
- 5. analysis A preliminary assessment of a business idea that gauges whether or not the venture envisioned is likely to succeed
- 8. alertness is the ability that some people have to recognize competitive imperfections in markets
- 12. environment Analysis Industry Environment Analysis is a study or exercise done to assess the current industry environment
- 13. resources is an resource that is not physical in nature
- 16. resources resources that include both fixed assets, such as machinery, buildings and land, and current assets