TEST # 1 STUDY GUIDE-Chapters 1, 2, 3
CHAPTER 1-Introduction to Entrepreneurship 1. Define entrepreneurial intensity. a. The position of a firm on a conceptual continuum that ranges from highly conservative to hig
1. Entrepreneurial behavior typically requires all of the following EXCEPT: CHAPTER 1
invention of something new. 2. _ is the position of a firm on a continuum ranging from highly conservative to highly entrepreneurial.
Correct Answer: Entrepreneurial int
Entrepreneurial Opportunities are defined as:
situations in which new goods, services, raw materials and organizing methods can be
sold at greater than their production cost.
In Stage One of the McMullen-Shepherd Model:
the entrepreneur decide