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:

Master's Degree (MS)

An advanced academic degree focusing on a specific field of study, following a bachelor's degree.

Baccalaureate Degree (BSN)

An undergraduate degree awarded for the completion of a program in the field of nursing, preparing individuals for a career as a registered nurse.

Medical Degree (MD)

A professional degree awarded to individuals who have graduated from medical school, signifying their qualification to practice medicine.

Associate Degree (AD)

A two-year post-secondary degree awarded by community colleges, technical colleges, and some universities, focusing on a specific field of study.