Which of the Following Are Important Issues in New Venture

question 27

Multiple Choice

Which of the following are important issues in new venture creation?

• A) Can the entrepreneur identify a market niche that is being missed by other established businesses?
• B) Can the entrepreneur identify a new market that has not yet been discovered by existing businesses?
• C) Can the entrepreneur generate first-mover advantage by exploiting a niche or entering a market before competitors?
• D) All of the options listed
• E) None of the options listed

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Definitions:

Resource Acquisition

The process of identifying, obtaining, and managing resources needed by an organization for its operations.

Craft Shop

A small-scale workshop or business focused on the production of handmade arts, crafts, or specialty items.

Small Batch

Production methodology focusing on manufacturing in small quantities, allowing for greater flexibility and customization.

Custom Muffins

Tailor-made or specially designed muffins that cater to the specific tastes, dietary requirements, or preferences of an individual or group.