Conservative firms ________. - ANSWER-are risk-averse
The word "entrepreneur" was originally used to describe people who "_______" between buyers and sellers. - ANSWER-take on the risk
An entrepreneur assembles and then integrates all the resources needed to transform an invention into a viab...
EEE 2023 Exam 1 with Complete Solutions
Conservative firms ________. - ANSWER-are risk-averse
The word "entrepreneur" was originally used to describe people who "_______" between buyers and sellers. - ANSWER-take on the risk
An entrepreneur assembles and then integrates all the resources needed to transform an invention into a viable business. What is NOT a resource assembled by an entrepreneur? - ANSWER-Confidence
Established firms with an orientation toward acting entrepreneurially practice _______. -
ANSWER-Corporate Entreprenuership
Entrepreneurship is defined as the process by which individuals pursue opportunities without regard to _____ they currently control for the purpose of exploiting future goods and services. - ANSWER-resources
_____ firms often resist innovation. - ANSWER-Established
The most common reason why people become entrepreneurs is to: - ANSWER-Be their
own boss
3M, a company with more than $30 billion in revenues in 2016, encourages its employees to constantly look for business opportunities in terms of future goods and services. What 3M is doing is called _____. - ANSWER-Corporate Entreprenuerhsip
Entrepreneurial firms are typically ____ innovators. - ANSWER-Proactive
Some entrepreneurs transition from a traditional job to owning their own business more gradually by starting their business ___ to begin with. - ANSWER-Part-time
The litmus test for entrepreneurs is their ability to persevere through _______. - ANSWER-setbacks and failures
The ability to effectively execute a business idea means developing a ______. - ANSWER-business model
What are characterics of a successful entreprenuer? - ANSWER-Execution intelligence,
Product/customer focus, Tenacity despite failure, Passion for the business
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