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BMG 214 Quiz 1 Review Set Flashcards _ QUESTIONS & ANSWERS VERIFIED 100- CORRECT.pdf
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BMG 214 Quiz 1 Review Set Flashcards _ QUESTIONS & ANSWERS VERIFIED 100- CORRECT.pdf
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9/25/24, 4:47 PMBMG 214 Quiz 1 Review Set
Jeremaih
Practice questions for this set
Learn 1 /7 Study with Learn
The correct answer is:
An imitation strategy
Choose matching term
_____________________________ may reduce R&D costs, reduce customer uncertainty, and provide immediate
legitimacy to the New Venture.
Select one:
A.
None of these answers
B.
1 Delaying entry in a market
C.
Entry barriers
D.
Dynamic environments
E.
An imitation strategy
Which of the following qualify as one of the main reasons why entrepreneurs decide to start their
own business?
Select one:
A.
Innovation
B.
2 Control their own fate
C.
BMG 214 Quiz 1 Review Set
Recognition
1/12
, 9/25/24, 4:47 PM
D.
Independence
E.
All of these answers
What would you describe an event in someone's personal or professional life that pushes them past
the tipping point and onto the path of entrepreneurship.
Select one:
A.
A Party
B.
3 A Social Event
C.
An Environmental Factor
D.
A Triggering Event
E.
A Fundraising Event
What does it take to turn a seed of an idea into a more solid opportunity?
Select one:
A.
Practical thinking
B.
A business plan
4 C.
Market research
D.
Maturity
E.
Input from others
Don't know?
Terms in this set (40)
Churning is an essential element of a strong The correct answer is 'True'.
economic system.
Select one:
True
False
Cocktail-party entrepreneurs can provide The correct answer is 'False'.
you with invaluable advice about how to run
a venture.
Select one:
True
False
2/12
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