New Entrepreneurial Firms Are Better Than Larger Established Firms At

question 99

Multiple Choice

New entrepreneurial firms are better than larger established firms at:

• A) implementing innovations.
• B) gaining competitive advantage.
• C) making alliances.
• D) identifying entrepreneurial opportunities.

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Definitions:

Liability

Legal responsibility for one's actions or for a device, product, or process that can cause harm, leading to the obligation to make restitution.

Implied Authority

The power of an agent to perform acts that are reasonably necessary to accomplish the purpose of an agency agreement.

Consolidate

To combine multiple elements into a single, more effective or coherent whole, often used in the context of financial statements or businesses.

Statement of Dissolution

A legal document filed with a government body to officially dissolve a corporation or partnership.