The Savvy Entrepreneurial Firm Feature in Chapter 2 Focuses on Xhale

question 33

Multiple Choice

The Savvy Entrepreneurial Firm feature in Chapter 2 focuses on Xhale and Vestagen, two entrepreneurial startups. While each firm is different and is successful in its own right, the main point of the feature is to illustrate that:

• A) entrepreneurial startups can solve the same problem in different ways
• B) entrepreneurial firms are often started by everyday people solving everyday problems
• C) one of the most important points to consider before launching a business is to determine if its window of opportunity is open
• D) finding gaps in the marketplace is an effective way of identifying business opportunities
• E) both economic and social forces impact the opportunities available to entrepreneurs

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Definitions:

Relations-Oriented

Focus on building and maintaining strong interpersonal relationships within a team or organization to facilitate teamwork and collaboration.

Behaviors

The actions or reactions of an individual or group in response to external or internal stimuli.

Recognizing Category

The process of identifying or acknowledging the existence of a specific group or classification within a larger context.

Giving Praise

The act of expressing approval or admiration to recognize someone's effort or achievement.