p 249 Based upon the Entrepreneurial Strategy Matrix which of the following

P 249 based upon the entrepreneurial strategy matrix

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70.(p. 249)Based upon the Entrepreneurial Strategy Matrix, which of the following products is most likely to have the highest risks and returns? A. Velcro fastenersB. Tax preparation serviceC.New pharmaceutical drugD. New restaurantE. Lawn-mowing serviceIn the upper-right quadrant in Figure 7.2, novel product ideas (high innovation) are accompanied by high risk because the financial investments and competition are great. A new drug or a new automobile would likely fall into this category. The possible risks and returns are highest in the upper right quadrant.AACSB: AnalyticBloom's: ComprehensionLearning Objective: 07-02 Summarize how to assess opportunities to start new businesses.Level of Difficulty: MediumTopic: Entrepreneurship 71.(p. 250)Entrepreneurs face failure in which of the following situations? AACSB: AnalyticBloom's: ComprehensionLearning Objective: 07-03 Identify common causes of success and failure.Level of Difficulty: MediumTopic: Entrepreneurship 7-28
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Chapter 07 - Entrepreneurship 72.(p. 250)Census Bureau statistics indicate that most start-up businesses with employees are financed through AACSB: AnalyticBloom's: ComprehensionLearning Objective: 07-03 Identify common causes of success and failure.Level of Difficulty: MediumTopic: Entrepreneurship 73.(p. 250)The odds of survival of a small business decrease if AACSB: AnalyticBloom's: ComprehensionLearning Objective: 07-03 Identify common causes of success and failure.Level of Difficulty: MediumTopic: Entrepreneurship 7-29
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Chapter 07 - Entrepreneurship
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