Question 20 The first step in the Problem Solving Process is to define the problem. O True O False By shifting the way you see the problem -- that is, by reframing it -- you can sometimes find radically better solutions. O True O False Question 22 Raw material inventory is an example of what type of resource/capital? O Financial O Physical Human Social Intellectual None of the above. Business strategists and problem solvers focus on return-based metrics to measure success because it gives them a sense of value captured, relative to the resources deployed. O True O False Which of the following are examples of business growth opportunities? O Product extension O Geographic expansion O Merger and acquisition O New product introduction O All of the above. The Timmons Model for Successful Venture Creation illustrates the strategic management process by outlining how management/entrepreneurs might organize the activities that the firm engages in toward successfully identifying the best opportunities and allocating resources accordingly with the goal of maximizing value. O True O False