In what ways do entrepreneurs differ from other innovators? In what types of businesses do entrepreneurs and innovators tend to work? How do past successes affect these types of individuals?
What will be an ideal response?
The entrepreneur is an initiator, innovator, and risk bearer. Other innovators are key people involved in the pursuit of innovation, but who do not bear personal financial risk. Entrepreneurs often form small new companies called startups, which are firms that create and introduce a new product or production technique. Other innovators are found within existing corporations. R&D work in major corporations has resulted in technological improvements, often by splitting off units to form innovative firms.
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The expected real interest rate approximately equals
A) the nominal interest rate minus the tax rate. B) the nominal interest rate minus the expected rate of inflation. C) the nominal interest rate plus the expected rate of inflation. D) the yield to maturity on a coupon bond held to maturity.
Which of the following is NOT a property of indifference curves?
A. Indifference curves are thin. B. Indifference curves may slope upward or downward. C. Indifference curves from the same family never cross. D. A consumer prefers to be on the indifference curve that is farthest from the origin.
100 shares of stock in General Motors is considered which type of resource?
A. land B. labor C. capital D. It is not a resource.
Saving equals
A. Y - actual I. B. Y - C. C. Y - planned I. D. inventory changes.