The Ability of Entrepreneurs to Understand How to Turn a New

question 71

Multiple Choice

The ability of entrepreneurs to understand how to turn a new technology into a product or service that will be valued by consumers refers to the ability to assess ________.

• A)information symmetry
• B)market research
• C)means-end relationships
• D)social networks
• E)entrepreneurial risk

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Definitions:

Moving Assembly Line

An innovation in manufacturing where products move from workstation to workstation where different tasks are performed until the product is completed.

Start-Up Manufacturers

Start-Up Manufacturers are new companies focused on the creation and production of goods, often characterized by innovative approaches and the overcoming of initial financial and market challenges.

National Railroad

A National Railroad refers to a railway system that is owned or operated by a nation-state, often serving as a major component of the country's transportation infrastructure.

Social Security Act

A law enacted in 1935 to create a system of transfer payments in which younger, working populations support older, retired populations through a tax-funded social insurance program.