In Case of Competition,the Entrepreneurial Task Is to Find a Way

question 42

True/False

In case of competition,the entrepreneurial task is to find a way to direct the arena of competition toward the areas where a new venture is at a competitive disadvantage.

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Definitions:

Pros And Cons

The advantages (pros) and disadvantages (cons) of a particular decision, situation, or system, considered when making a choice.

Consistent

Showing steady conformity to a particular pattern, standard, or set of rules over time.

Over Time

A period extending beyond the usual hours of work, often associated with additional pay; or gradually through a period.

Implicit Contract

An unwritten and unspoken agreement between individuals, often based on common norms or expectations.