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:

Normal Good

A good for which demand increases as consumer income rises, and decreases as consumer income falls.

Income

The money received by individuals or entities, typically in exchange for providing labor, selling goods, or making investments.

Substitute Goods

Products or services that can replace or be used in place of one another, having the ability to satisfy similar consumer needs or desires.

Iced Tea

A chilled beverage made by cooling brewed tea and typically served with ice, sometimes sweetened or flavored.