Several Studies Have Shown That Prior Experience in an Industry

question 29

True/False

Several studies have shown that prior experience in an industry helps entrepreneurs recognize business opportunities.

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Definitions:

Achieving Legitimacy

The process of gaining acceptance, credibility, and recognition within a particular context or among a specific audience.

Higher Status

Refers to a position that is considered to be of greater prestige or rank within a hierarchy in a social or professional context.

Actively Cooperative Relationships

Partnerships or interactions where all parties are engaged in working together towards mutual goals or benefits.

Legally Separate Organizations

Entities that are recognized as distinct legal entities under the law, having separate legal rights and obligations.