Key Lists for CEcD Exam UPDATED Exam Questions and CORRECT Answers
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Module
Key Lists for CEcD
Institution
Key Lists For CEcD
Key Lists for CEcD Exam UPDATED
Exam Questions and CORRECT Answers
Steps to the Strategic Planning Process - Correct Answer- PAGPA IMA
Pre-planning
Assessing local community and economic competitiveness
Goals, objectives, and strategies
Prioritizing identifying, evaluating, and projects
Ac...
Key Lists for CEcD Exam UPDATED
Exam Questions and CORRECT Answers
Steps to the Strategic Planning Process - Correct Answer- PAGPA IMA
Pre-planning
Assessing local community and economic competitiveness
Goals, objectives, and strategies
Prioritizing identifying, evaluating, and projects
Action Plan
Implementation
Monitoring and evaluating outcomes
Adjusting and retooling
Workforce trends - Correct Answer- Customized labor training
Industrial clusters
Business consortia
Regional workforce partnerships
Marketing techniques - Correct Answer- DAPP
Direct mail
Advertising
Promotional and informational materials
Personal selling (trade shows, prospecting, hosting events)
Steps to a Marketing Plan - Correct Answer- PAP GAIMA
Players and stakeholders
Assess competitiveness
Potential markets should be identified
Goals, objectives, strategies
,Action plan
Implementation
Monitoring and evaluation
Adjustment
Four P's of marketing - Correct Answer- Price
Product
Promotion
Place
Types of risk in business - Correct Answer- MOMS CFS (MOMS CalFS)
Market risk
Operating risk
Maturity risk
Start-up risk
Credit
Financial risk
Security risk
Types of development/redevelopment - Correct Answer- BSGR
Build to suit
Speculative development
Greenfield development
Redevelopment/reuse
How start ups differ from larger companies - Correct Answer- FFISHH
Fewer employees
Flexible
Innovative
Stronger ties to the community
, High need for capital
High failure rate
Roles of the ED practitioner - Correct Answer- Analyst
Educator
Connector
Visionary
Promoter of ethics
Advocate
Gap filler
Workforce Development Boards Include These Stakeholders - Correct Answer- Tech colleges
and education
Municipal leaders
Business leaders
Appointees of local officials
Labor unions
Community organizations
Economic development orgs
One stop program partners
Key factors to a successful BRE program - Correct Answer- C FLIPR
Coordination of services
Focus on long term business clientele
Local firm knowledge
Industry knowledge
Professional services
Results oriented
ED tools used in BRE programs - Correct Answer- MAFIA WEEP IT
Marketing
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