Which of the following statements about entrepreneurs and risk is the most accurate?
A) Entrepreneurs are best characterized as gamblers in their approach to risk.
B) Entrepreneurs usually avoid taking risks in their ventures.
C) Successful entrepreneurs do not consider whether their ventures are risky.
D) Entrepreneurs alternate between pursuing and retreating from risk.
E) Successful entrepreneurs take very careful, calculated risks.
E) Successful entrepreneurs take very careful, calculated risks.
Explanation: Successful entrepreneurs take very careful, calculated risks. They try to influence the odds, often by getting others to share risk with them and by avoiding or minimizing risks if they have the choice.
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Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs. This is an example of a barrier to entry classified as:
A) new capacity. B) product differentiation. C) competitor response. D) new approaches to customer needs. E) distribution channels.
Many multinational organizations as well as nationally and locally based ones are actively involved in ______.
a. community initiatives such as a mentorship programs for disadvantaged students b. selection of local community leaders c. developing marketing plans for local businesses d. profit sharing in public-private partnerships pursuing sustainable projects
Purposes of managing liquidity include all of the following except
A) determining how to keep the majority of your assets in liquid form. B) having enough liquid assets to cover cash shortages. C) maintaining adequate liquidity to avoid borrowing every time you need money. D) maintaining just enough liquid assets to meet your needs.
Returned products to a company are processed more efficiently if the customer first calls for a RMA
Indicate whether the statement is true or false