Unit 2 Organizing the Business
Graduate applies the competencies from across core curriculum, demonstrating the ability to lead the
implementation of the mission, strategy, and goals of an organization. - CORRECT ANSWER✅✅Module
1: Strategic Planning - Name the company. Establish corporate goals and overall business strategy.
Understand the functions within an organization.
Module 2: Operating in a Global Marketplace - Analyze the market survey.
Module 3: Understanding the Functions Within an Organization - Choose your primary and secondary
market segments. Design at least one brand for each target segment. Schedule the opening of the first
bike shop.
Unit 3: Product to Market - CORRECT ANSWER✅✅Module 4: Market Research
Module 5: Ethical Decision-Making
Module 6: Capacity
Unit 4: Market Expansion - CORRECT ANSWER✅✅Module 7: Financial Analysis
Module 8: Data-Driven Decision-Making
Unit 5: Investing in the Future - CORRECT ANSWER✅✅Module 9: Resource Allocation
Module 10: Forecasting
Unit 6: Business Strategy Expansion - CORRECT ANSWER✅✅Module 11: Performance Metrics
Unit 7: Business Optimization - CORRECT ANSWER✅✅Module 12: Strategy Refinement
Module 13: Presenting Results
, -- Unit 2 - Organizing the business - CORRECT ANSWER✅✅Applies competencies, demonstrating ability
to lead the implementation of the mission, strategy and goals of an organization.
Target market segment - CORRECT ANSWER✅✅Target Market is a specific group of customers in the
broader target market who are most likely to buy a product or service.
Integrated Company - CORRECT ANSWER✅✅A firm that owns and controls all aspects of the business,
incl. supply chain and retail outlets.
Module 1: Strategic Planning - CORRECT ANSWER✅✅1) name the company.
2) est. corporate goals and overall business strategy.
3) Understand the functions within an organization.
Strategic planning - CORRECT ANSWER✅✅Process of defining organizational goals and the strategies,
tactics, and resources that will enable a firm to achieve them.
Business Analysis - CORRECT ANSWER✅✅Data-driven process to ID the internal and external impacting
a business and its decisions.
1) Define overall business stragegy - CORRECT ANSWER✅✅1) Strategic Planning
2) Business Analysis
Lesson 1: Developing SMART Goals - CORRECT ANSWER✅✅SMART:
1) Specific
2) Measurable
3) Achievable
4) Relevant / Realistic
5) Time / Time Bound