The Savvy Entrepreneurial Firm Feature in Chapter 5 Focuses on Three

question 2

Multiple Choice

The Savvy Entrepreneurial Firm feature in Chapter 5 focuses on three firms that are doing well in crowded industries as ________.

• A) they have effectively differentiated themselves from their competitors and have captured a first-mover advantage
• B) they have passionate leaders and run savvy promotional campaigns
• C) they have captured a first-mover advantage and have unique business models
• D) they create meaningful value for customers at a fair price and have differentiated themselves from their competitors
• E) they are low-cost leaders and run savvy promotional campaigns

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Definitions:

The Bell Curve

A book that argues intelligence is a significant predictor of personal outcomes, and discusses differences in intelligence among races, eliciting widespread controversy.

Correlation And Causation

The relationship between two variables where one variable is found to be associated with the other, without implying that one causes the other.

Savant Syndrome

A rare condition where an individual with significant mental disabilities demonstrates profound and prodigious capacities or abilities far in excess of what would be considered normal.

Intelligence Test

A standardized test designed to measure a person's intellectual capabilities and potential.