An entry wedge is a type of entrepreneurial strategy firms can use to enter into business.
Answer the following statement true (T) or false (F)
True
One of the most challenging aspects of launching a new venture is finding a way to begin doing business that quickly generates cash flow, builds credibility, attracts good employees, and overcomes the liability of newness. The idea of an entry strategy or entry wedge describes several approaches that firms may take to get a foothold in a market.
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The main asset on the Federal Reserve's balance sheet is
A. discount loans. B. securities. C. monetary base. D. capital.
A bank loaned York Construction Company $35,000 on a 1-year, 6% note, but deducted the interest in advance. The journal entry made by York to record receipt of the cash would include an
a. increase in Cash for $35,000. b. decrease in Notes Payable for $32,900. c. increase in Discount on Notes Payable for $2,100. d. increase in Interest Revenue for $2,100.
Which of the following is not true of situations when a new plant can be built that is a duplicate of others already functioning?
A. The technical department can send the current manufacturing specifications without alteration. B. Design engineers need only copy the drawings and lists of materials that they have in their files. C. Reasonably accurate forecasts of plant erection time and output can be based on experience with existing facilities. D. Labor trainers experienced in the operation of the machinery can be sent to the new locations as long as they receive adequate cultural training in advance.
Strategic _______ are decisions made by the top management team with respect to important factor conditions such as markets and technology.
a. Avenues b. Choices c. Possibilities d. Imperatives