According to the Text,for an Entrepreneurial Start-Up to Be Successful,three

question 75

Multiple Choice

According to the text,for an entrepreneurial start-up to be successful,three ingredients are critical.What are they?

• A) good ideas, a team of investors, and a business plan
• B) a viable opportunity, available resources, and a qualified and motivated founding team
• C) an opportunity, a marketing plan, and office space
• D) management, marketing, and money

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Definitions:

Lowest-Price Offering

A pricing strategy where a company sets the cost of its product or service lower than that of its competitors to attract price-sensitive customers.

Marketing Mix

A framework used by marketers to analyze and implement the four critical aspects of marketing: product, price, place, and promotion.

Generates Revenue

The process of creating income for a business or organization through various activities such as selling goods, services, or other assets.

Target Return Pricing

A pricing strategy businesses use where prices are set based on a targeted return on investment.