Which Mechanism for Firm Growth Involves the Creation and Sale

question 5

Multiple Choice

Which mechanism for firm growth involves the creation and sale of new products or services?

• A) Strategic alliances
• B) New product development
• C) Licensing
• D) Franchising
• E) Joint ventures

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Definitions:

Entrepreneur

An individual who starts and runs a business venture, taking on financial risks in the hopes of profit.

Successful

Achieving desired visions and planned goals, often marked by performance or achievement.

High Self-efficacy

The belief in one's own ability to succeed in specific situations or accomplish a task, which can influence motivation and persistence.

Resourceful

Able to deal skillfully and promptly with new situations, difficulties, etc.