Highlight the correct answer in Green.

$(1$ mark each$)$

$1.$ The mission statement answers:

A$.$ What is our business?

B$.$ Why our business exists?

C$.$ What is our market position?

D$.$ All of the above

$2.$ The three characteristics of a mission statement include a declaration of attitude, a declaration of product orientation, and

A$.$ HR policy

B$.$ Customer orientation

C$.$ Social welfare policy

D$.$ Economic policy

$3.$ Technological advancements can create advantages that are more powerful than existing advantages.

A$.$ Cost

B$.$ Profit

C$.$ Competitive

D$.$ Differentiation

$4.$ The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called:

A$.$ Product chain analysis

B$.$ Supply chain analysis

C$.$ Value chain analysis

D$.$ None of the above

$5.$ Burger King opening its first branch in Japan is which type of business strategy?

A$.$ Market development

B$.$ Production strategy

C$.$ Development strategy

D$.$ Diversification strategy