Which of the Following Statements Is Incorrect in Regard to Entrepreneurial

question 14

Multiple Choice

Which of the following statements is incorrect in regard to entrepreneurial alertness?

• A) The research findings on entrepreneurial alertness are conclusive.
• B) Alertness is largely a learned skill.
• C) People who have more knowledge of an area tend to be more alert to opportunities in that area than others.
• D) The term "entrepreneurial alertness" is often associated with a "sixth sense" that seems to allow some people to see opportunities that others miss.
• E) Entrepreneurial alertness is defined as the ability to notice things without engaging in deliberate search.

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Definitions:

Decrease Buyer Power

Strategies or market conditions that reduce the negotiation leverage of buyers, enhancing the seller's position.

Command A Higher Price

Being able to sell goods or services at a price above the average due to perceived added value, quality, or brand reputation.

Resource Based Perspective

A management tool used to identify and evaluate resources within an organization to gain and sustain competitive advantage.

Elastic Demand

The characteristic of a good or service wherein its demanded quantity significantly changes due to changes in its price.