In Order to Launch a Start-Up Firm,Arthur K

question 63

Multiple Choice

In order to launch a start-up firm,Arthur K.Kydd believes that the firm needs to have a real product with

• A) a distinctive point of difference that satisfies customer needs.
• B) a prototype to test in the real world.
• C) a list of all the other ideas you have, including this one.
• D) some of your own money to demonstrate your belief that this product is a winner.
• E) friends in the industry that you wish to enter.

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Definitions:

1900

The year 1900 marks the turn of the 20th century, known for the peak of the Second Industrial Revolution, the Boxer Rebellion in China, and as the year before the assassination of Queen Victoria's son, King Umberto I of Italy.

Russian-Germans

Individuals or descendants of those who migrated from Germany to Russia, particularly during the 18th and 19th centuries.

Czar Alexander II

The Emperor of Russia from 1855 to 1881, known for emancipating the serfs in 1861 and implementing significant reforms.

Communist Rule

A system of government where the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.