A Common Mistake for Entrepreneurs Is to Work With

question 20

Multiple Choice

A common mistake for entrepreneurs is to work with:

• A) whatever mentor is easy to find.
• B) a mentor that is prepared to provide unlimited time.
• C) a mentor that specializes in business start-ups.
• D) a mentor that is most inexpensive.

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Definitions:

Inventions

Original creations or discoveries that offer new technical solutions or enhance existing ones.

Innovations

The process of translating an idea or invention into goods or services that create value or for which customers will pay.

Patented

A legal status provided to an inventor or assignee granting exclusive rights to use, make, and sell an invention for a certain period of time.

Marginal Benefit

The increase in satisfaction or utility one gets from the consumption of an additional unit of any good or service.