New Entrepreneurial Firms

question 50

Multiple Choice

New entrepreneurial firms:

• A)Benefit from greater bargaining power of suppliers.
• B)Are not noticeably affected by a society's informal institutions.
• C) Tend to cluster around low-entry-barrier industries.
• D) View interfirm rivalry in an industry as a motivating factor in entering an industry.

---

Definitions:

Machine Downtime

The period during which a machine is not operational or productive, often due to maintenance, repairs, or technical failures.

Percentage Of Idle Time

The proportion of time that resources remain unutilized during the production process.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Financial

Relating to money or how money is managed, including aspects such as investments, expenses, and revenue generation.