The Savvy Entrepreneurial Firm Feature in Chapter 5 Focuses on Three

question 2

Multiple Choice

The Savvy Entrepreneurial Firm feature in Chapter 5 focuses on three firms that are doing well in crowded industries as ________.

• A) they have effectively differentiated themselves from their competitors and have captured a first-mover advantage
• B) they have passionate leaders and run savvy promotional campaigns
• C) they have captured a first-mover advantage and have unique business models
• D) they create meaningful value for customers at a fair price and have differentiated themselves from their competitors
• E) they are low-cost leaders and run savvy promotional campaigns

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Definitions:

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, suggesting a resemblance.

Nomination

Nomination refers to the process of officially suggesting someone for a position, role, or for receiving an honor or award.

Ethnographic Danger

The risks or hazards encountered by researchers conducting in-depth studies of cultures or communities, which can include physical, emotional, or ethical challenges.

Situational Risk

The risk of unfavorable outcomes arising from specific situations or environments.