Entrepreneurs May Find Benefit from the Internet Due to Its

question 25

Multiple Choice

Entrepreneurs may find benefit from the Internet due to its potential ________.

• A)if the organization is willing to invest millions of dollars in this effort
• B)only if the entrepreneur has a high level of technical abilities
• C)as a relatively low-cost solution to expand its revenue-generating abilities
• D)to take all pressure off other attributes of the business venture

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Definitions:

Price Skimming

A pricing strategy where a firm charges a high initial price for a product, then gradually lowers the price over time.

Product Development

The creation of new products or significant improvements on existing ones, from concept generation to market introduction.