Exam Instructions: Mid-Term/Final Exam contains “critical thinking” randomly selected essay questions. Students will be instructed in and will apply critical thinking skills to include creative thinking, innovation, inquiry, analysis, evaluation, and synthesis of information. Students will be instructed in and will apply knowledge, skills and ability to include development, interpretation, and expression of ideas through written communication.

Learning Goal: I’m working on a management exercise and need an explanation and answer to help me learn.

Exam Instructions: Mid-Term/Final Exam contains “critical thinking” randomly selected essay questions. Students will be instructed in and will apply critical thinking skills to include creative thinking, innovation, inquiry, analysis, evaluation, and synthesis of information. Students will be instructed in and will apply knowledge, skills and ability to include development, interpretation, and expression of ideas through written communication.

Students will have 1 attempt to complete the exam (no time limit). Students must complete the entire exam in the attempt (If the exam or the web browsers is closed – the exam is considered completed). The deliverable length of each answer must be at least 150 words. The exam consists of 10 randomly selected essay questions based on the related chapter(s) learning objectives of each module covered thus far.

Students are required to read and fully answer the essay questions in order to receive full points. Students are required to submit a substantial responses to each essay question. A substantial response is one that stays on topic and fully addresses the essay question in a clear, concise, and meaningful manner and provides examples for how the concept can be applied. Essay questions required the student to provide examples to support the essay question being answered. Please review your answers for grammar and punctuation errors.

Plagiarized submissions will result in a “0” for the submission and/or the exam.

All exam questions derive from the OER Textbook. Each essay question must include at least 1 APA formatted reference(s) from the OER Textbook.

1)Explain what a business model is and why the model that is selected is so important

2)Explain and identify sources of negative conflict in a family business

3)Explain why positive or constructive conflict can be helpful to a family business

4)Define and explain the four generic strategies identified by Porter

5)Define digital technology and explain its role in small business competitiveness

6)Explain why before starting a business and before writing a formal plan, individuals should ask themselves some specific questions to see if they are ready for the challenges of small business ownership

7)Explain how the planning process can add significantly to the delivery of customer value

8)Describe the different components of business failure. Provide examples

9)Define and explain customer value

10)Explain how digital technology and the e-environment impact the marketing plan