Two Entrepreneurs, Fred and Ming, Were Discussing the Potential for Success

question 91

Multiple Choice

Two entrepreneurs, Fred and Ming, were discussing the potential for success or failure of their ventures. They described their start-ups in the following manner:1. Fred stated that he had very little money invested, but he was the first in the market with his product.2. Ming stated that her investment in the business was very small and that her product was similar to those already in the market. According to the entrepreneurial strategy matrix, Fred's scenario can be described as involving

• A)low innovation/high risk.
• B)low innovation/low risk.
• C)high innovation/low risk.
• D)high innovation/high risk.
• E)high investment/no risk.

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Definitions:

Marasmus

A severe form of malnutrition caused by a significant deficiency of calories and protein.

Edema (Ascites)

An accumulation of fluid in the peritoneal cavity of the abdomen, often due to liver disease or failure.

Morbidity

Refers to the incidence or prevalence of a disease or medical condition in a population.