Match the Type of Knowledge with the Relevant Examples

question 66

Multiple Choice

Match the type of knowledge with the relevant examples.
-Social science knowledge with practical implications for entrepreneurship.

• 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.

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Definitions:

Pricing Cycle

The recurring pattern of changes in price levels for products or services, often influenced by demand, supply, and other market conditions.

Product Life Cycle

The progression of a product through stages from introduction to growth, maturity, and decline.

Growth Stage

The growth stage refers to a phase in a company's lifecycle characterized by rapid revenue and customer base expansion, often seen in the business development cycle.

Introductory Stage

The introductory stage refers to the initial phase in a product's life cycle, during which the product is launched into the market and awareness is built among consumers.