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:

Selling Haircuts

The commercial activity of providing hair cutting and styling services to customers for a fee.

Efficiency

The degree to which resources are allocated in a way that maximizes productivity and minimizes waste or inefficiency.

Equity

Fairness or justice in the way people are treated or in the distribution of resources, or ownership interest in a company or property.

Equity

Fairness or justice in the way people are treated, or the ownership interest of shareholders in a company.