1) Define SWOT Analysis a) Strengthens, Weakness, Opponents, Threats b) Strengths, Weaknesses,Opportunities, Threats c) Strengths, Weaknesses,Opportunities, Trouble d) Strengths, Willpower,Opportunities, Threats 2) Diversification a) Moving into new lines of business b) Selling off the part of the business tht is losing money c) Raising the price of the product or service d) Discounting old product lines 3) List a quadrant of the BCG Matrix a) Budget b) Conglomerate c) Group d) Cash Cows 4) Characteristic of Porter's Strategies a) Mission Critical b) Strategic Planning c) Cost Leadership d) Competitive Advantage 5) Crowdsourcing is raising money using a GoFundMe page a) True b) False 6) Which one is an element of Competitive Advantage a) Exploit Competitors b) Lower all prices below your competitors c) Spy on the competition d) Having influencers selling your products e) Create Value

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