Many Aspects of an Industry Determine How Much Success a New

question 7

Multiple Choice

Many aspects of an industry determine how much success a new venture will have. Which of the following traits would make an industry unattractive for an entrepreneur to enter?

• A) An industry that is experiencing rapid growth.
• B) An industry in which most innovations come from small companies.
• C) An industry that is advertising intensive.
• D) An industry that is early it its life cycle.
• E) All of the above are favorable characteristics.

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Definitions:

Treaty of Brest-Litovsk

A peace treaty signed in 1918 between the Bolshevik government of Russia and the Central Powers, marking Russia’s exit from World War I, and resulting in significant territorial losses for Russia.

Socialist Revolutionaries

A political grouping in early 20th-century Russia that sought to bring about a socialist society through both parliamentary and revolutionary means.

Bolsheviks

A faction of the Russian socialist movement that led the October Revolution in 1917, establishing a communist government and becoming the founding ruling party of the Soviet Union.

Bolsheviks

A faction of the Russian Social Democratic Labour Party led by Vladimir Lenin that seized power in Russia in October 1917, leading to the establishment of a communist state.