Match the Type of Knowledge with the Relevant Examples

question 71

Multiple Choice

Match the type of knowledge with the relevant examples.
-Practical knowledge of the entrepreneur.

• A) The founders of a new social enterprise know about the needs of young disabled people in their city.
• B) The owner-manager of an established internet service provider knows which providers of venture finance to approach in order to grow her business.
• C) Economists identify a correlation between research and development spill-overs and economic growth in two countries.
• D) Organizational researchers show how entrepreneurs can use social networks more effectively.

Identify the types of start-up costs and potential investors for entrepreneurial businesses.

Describe the concept and benefits of business incubators for small businesses.

Explain intrapreneurship and how it operates within large organizations.

Recognize the opportunities the internet and international business offer to entrepreneurs.

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Definitions:

Merchandising Business

A business that purchases finished goods for resale, making a profit on the difference between buying and selling prices.

Men's Clothing Store

A retail establishment specializing in selling apparel and accessories targeted at the male demographic.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period.

Financial Statement

Documents that provide an overview of a company's financial performance and condition, typically including the balance sheet, income statement, and cash flow statement.