Which of the Following Could an Entrepreneur Use to Make

question 6

Multiple Choice

Which of the following could an entrepreneur use to make it more difficult for some other business to exploit the same opportunity that the entrepreneur has?

• A) Use legal means to block imitation.
• B) Control resources that are needed to exploit the opportunity.
• C) Develop loyal customers.
• D) All of the above (a, b, and c) are correct.
• E) A and b are correct.

---

Definitions:

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, indicating that there is a significant difference between specified populations.

Significance Level

Another term for level of significance, denoting the cutoff probability for determining when the p-value indicates a statistically significant result.

Nonparametric Tests

Statistical tests not based on assumptions about the form or parameters of the population distribution from which the samples are drawn.

Parametric Tests

Statistical tests that make assumptions about the parameters of the distribution(s) from which one's data are drawn.