Which Distinctive Competency Must an Entrepreneur Identify When Attempting to Enter

question 60

Multiple Choice

Which distinctive competency must an entrepreneur identify when attempting to enter an established market?

• A) The ability to identify new markets
• B) The ability to identify niche markets
• C) The ability to differentiate themselves from others in the market
• D) The ability to gauge prices to get the highest return without driving away customers
• E) The ability to move quickly to take advantage of new opportunities

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired.

Investing Activities

Activities related to the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

Cash Flows

The movement of cash into or out of a business, project, or financial product as it generates income or pays expenses.

Operating Activity

Pertains to the core business activities of a company, such as selling goods or providing services, which generate revenue.