A Basic Finding in Entrepreneurship Research Is That the More

question 36

Multiple Choice

A basic finding in entrepreneurship research is that the more experience people have in a given field,

• A) the more likely they are to be aware of competitors' strategies.
• B) the less likely they are to be aware of existing competitors.
• C) the less likely they are to spot obvious opportunities.
• D) the more likely they are to identify opportunities in it.
• E) the more likely they are to over saturate the market.

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Definitions:

Mode

A measure of location, defined as the value that occurs with greatest frequency.

Measure of Variability

Statistical indicators that describe the spread or dispersion within a data set, such as range, variance, or standard deviation.

Range

A measure of variability, defined to be the largest value minus the smallest value.

Midrange

The statistical measure that calculates the average of the maximum and minimum values in a data set, giving a rough estimate of the data's central tendency.