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A SWOT analysis encompasses both the inside-out and outside-in approaches in determining an overview of a venture's strategic situation.

A) True
B) False

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A firm that is able to create and sustain product and/or service differentiation will most likely be a successful performer in the marketplace.

A) True
B) False

Correct Answer

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Business guru Peter Drucker stated "Innovation is the specific instrument of entrepreneurship".

A) True
B) False

Correct Answer

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