2025 – S1 – MNE3702 – ASSESSMENT 1 – Q&A
Assessment 1
Started on Wednesday, 26 February 2025,
State Finished
Completed on Wednesday, 26 February 2025,
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Variables in the business environment are interrelated, that means a change in one
environmental variable will lead to a change in one another.
Changes in the business environment (markets. Technology, politics, regulations
and other areas? may lead to the following:
a.
close doors for many business opportunities
b.
open doors for many business opportunities
c.
close some doors while opening others
Feedback
Your answer is correct.
The correct answer is:
close some doors while opening others
1
, 2025 – S1 – MNE3702 – ASSESSMENT 1 – Q&A
Question 2
Which one of the following represents strategic innovation pertaining to product-
focused entrepreneurial initiatives?
a.
Strategies are formulated for the types of markets, to be served through the
company’s innovative efforts, including how new or mature these markets are in
general, and the newness of these markets to the company
b.
both 1 and 2
c.
Innovation portfolio
d.
Innovation is defined as a company- wide task, not simply the responsibility of R&D
Feedback
Your answer is correct.
The correct answer is:
both 1 and 2
Question 3
For a business to exploit underutilized resources,
a.
a new business model should be built around internal capabilities that remains idle
for prolonged periods
b.
2
Assessment 1
Started on Wednesday, 26 February 2025,
State Finished
Completed on Wednesday, 26 February 2025,
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Variables in the business environment are interrelated, that means a change in one
environmental variable will lead to a change in one another.
Changes in the business environment (markets. Technology, politics, regulations
and other areas? may lead to the following:
a.
close doors for many business opportunities
b.
open doors for many business opportunities
c.
close some doors while opening others
Feedback
Your answer is correct.
The correct answer is:
close some doors while opening others
1
, 2025 – S1 – MNE3702 – ASSESSMENT 1 – Q&A
Question 2
Which one of the following represents strategic innovation pertaining to product-
focused entrepreneurial initiatives?
a.
Strategies are formulated for the types of markets, to be served through the
company’s innovative efforts, including how new or mature these markets are in
general, and the newness of these markets to the company
b.
both 1 and 2
c.
Innovation portfolio
d.
Innovation is defined as a company- wide task, not simply the responsibility of R&D
Feedback
Your answer is correct.
The correct answer is:
both 1 and 2
Question 3
For a business to exploit underutilized resources,
a.
a new business model should be built around internal capabilities that remains idle
for prolonged periods
b.
2
