Entrepreneurs Are Most Likely to Exploit an Opportunity When ________

question 3

Multiple Choice

Entrepreneurs are most likely to exploit an opportunity when ________.

• A)customers are likely to continue using the same product
• B)there is no market demand,but an opportunity to create market demand
• C)they perceive that they have the support of important stakeholders
• D)they want to enhance the prospects of the opportunity by training an incapable management team
• E)they feel they do not have access to the resources needed to ensure high levels of organizational performance

---

Definitions:

Virtuous Citizenry

A concept emphasizing the importance of citizens possessing moral and ethical qualities, such as honesty and responsibility, for the betterment of society.

Republic

Representative political system in which citizens govern themselves by electing representatives, or legislators, to make key decisions on the citizens’ behalf.

Liberty and Freedom

Fundamental principles representing the right of individuals to live their lives without oppressive restrictions imposed by authority.

American Freedom

The set of rights, principles, and practices that define the liberty and democracy of the United States.