Part 3

Question 1

It is a set of decisions that provides ways on how the organization competes in the industry it chooses to be in and eventually sustains competitive advantages.

Answer 1

Business strategy

Question 2

is always described as the process of creating and satisfying consumer needs and wants through products and services.

Answer 2

Marketing

Question 3

The most popular and most effective option is test marketing. It predicts futures sales

Answer 3

Product or services

Question 4

is also called capital budgeting. It involves the allocation of resources including capital to projects, products or services and assets.

Answer 4

Investment Decision

Question 5

examines and finds the best capital structure for the organization. It determines how the firm can raise capital such as selling of assets, issuing stock or obtaining a debt facility.

Answer 5

Financial Decision