5. Business-Level Strategy 2023 Update,Chapter 5 - Business-Level Strategies 2023,Chapter 5- Business-level strategy Solved Exam Solution ,AS LEVEL BUSINESS UNIT 5: FINANCE AND ACCOUNTING,AQA A Level business Unit 5 Finance & Cambridge AS level B

crowdfunding - ANS-(external) raising money for a project or venture by obtaining many small amounts of money from many people venture capital - ANS-Money that is invested in small-medium companies that are perceived as having great profit potential. Finance is provided in exchange for equity (...

START-UP CAPITAL - ANS-the capital needed by an entrepreneur to set up a business. WORKING CAPITAL - ANS-the capital needed to pay for raw materials, day-to-day running costs and credit offered to customers. In accounting terms, working capital = current assets - current liabilities. CAPITAL...

Distinguish between the shareholder concept and the stakeholder concept. - ANS-a) Shareholder Concept: An individual (also known as stockholder) that legally owns a share/stock in a public corporation. They are also owners of a limited company. They buy shares which represent part of a compan...

Types of Competitive Advantage - ANS-Overall cost leadership, differentiation, focus Stuck in the middle - ANS-The lowest performers who don't identify with any of the competitive advantages Three Generic Strategies - ANSOverall cost leadership tactics - ANS--Aggressive construction of efficie...

Business-Level Strategy - ANS-Defines an organization's approach to growth and competition in its chosen business segments. Shaped by competitive forces as well as the resources possessed by each business unit in the firm. Direction Setting, Analysis of Business Situation, Selection Strategy,...

Business-level stragegy - integrated/coordinated set of commitments and actions the firm uses to gain competitive advantage by exploiting core competencies in specific product markets One Business-level strategy - single-product market/ single geographic location firm employs one business-leve...