Which of the Following Is True About Advantages for the Entrepreneur

question 43

Multiple Choice

Which of the following is true about advantages for the entrepreneur when he or she forms an alliance or partnership with an established firm?

• A) The entrepreneur can take advantage of the established facilities.
• B) The entrepreneur can imitate the firm's existing production functions.
• C) The entrepreneur can take advantage of the firm's brand name.
• D) All of the above are advantages.
• E) None of the above are advantages.

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Definitions:

Property

Assets or possessions that are owned by an individual or entity, which can include real estate, intellectual property, and personal property.

Revolving Credit Agreement

A credit facility allowing a company to borrow up to a predetermined limit, repay, and borrow again.

Line of Credit

A credit facility extended by a bank or financial institution to a government, business, or individual customer that enables the customer to draw on the funds when needed.

Legally Binding

An agreement or contract that is enforceable by law, obligating parties to fulfill their respective duties.