The Primary Opportunity Existing for Startups in Emerging Industries Is

question 35

Multiple Choice

The primary opportunity existing for startups in emerging industries is to ________.

• A) consolidate the industry and establish industry leadership as a result of doing so
• B) win customers by placing an emphasis on service and process innovation
• C) pursue a niche strategy, which focuses on a narrow segment of the industry that might be encouraged to grow through product or process innovation
• D) capture a first-mover advantage
• E) pursue a cost reduction strategy, which is accomplished through achieving lower costs than industry incumbents through process innovation

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Definitions:

Core Benefits Plan

Essential benefits provided by an employer, including health insurance, retirement plans, and disability coverage.

Beneflex Plan

A flexible benefits plan allowing employees to choose from a range of benefits to tailor their compensation package to their personal needs and preferences.

Outplacement Services

Support and coaching services provided by organizations to help former employees transition to new jobs.

Government-regulated Benefit

A form of benefit mandated by law that employers must provide to their employees, such as social security or health insurance.