Answer the following statement(s) true (T) or false (F)
1. Jack McCarthy—founder of a business selling ugly Christmas sweaters online— had an entrepreneurial mindset because he was attuned to the unexpected.
2. A large market is required for a product or service to have value.
3. If an invention does not reach the market or appeal to consumers, then it will
4. Ideas need to be unique or novel to appeal to customers.be
5. Researchers have defined many formal methods of idea generation that are effective in the generation of new ideas for entrepreneurs.
1. True
2. False
3,. True
4. False
5. True
You might also like to view...
Sturbridge Company manufactures fine furniture and grandfather clocks. Sturbridge has an excellent reputation, and each grandfather clock sells for several thousand dollars. Which of the following should not be treated as direct costs, assuming the cost object is individual clocks?
A. The clock face B. Wood C. Depreciation on clock-making equipment D. The timing mechanism for each clock
Stuart is vying for a promotion, but faces competition from a co-worker, Brenda. Without authorization, Stuart accesses stored company records and discovers an unfavorable e-mail message Brenda had written about the company. Stuart sends the message to
his supervisor in hopes of keeping Brenda from getting the promotion. Discuss whether Stuart has violated any statute and, if so, what sanctions he may face.
When sending an e-mail, end with a(n) signature block that includes your name and contact information. _________________________
Answer the following statement true (T) or false (F)
One of the four most fundamental factors that affect the cost of money as discussed in the text is the time preference for consumption. The higher the time preference, the lower the cost of money, other things held constant.
Answer the following statement true (T) or false (F)