Important Issues in New Venture Creation Include All of the Following

question 116

Multiple Choice

Important issues in new venture creation include all of the following except:

• A)Does the entrepreneur have good ideas and the courage to give them a chance?
• B)Is the entrepreneur prepared to meet and master the test of strategy and competitive advantage?
• C)Can the entrepreneur identify a market niche that is being missed by other established firms?
• D)Can the entrepreneur identify a new market that has not yet been discovered by existing firms?
• E)Can the entrepreneur find appropriate safety nets to protect the business from marketplace challenges?

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Definitions:

Real GDP

The calculation of a nation's total economic output accounting for price level changes over time, to represent the real value of all produced goods and services using stable prices.

Annual Growth Rate

The percentage change in the value of a particular economic variable over the course of a year, indicative of the variable's expansion or contraction over time.

Income Rankings

A hierarchy or classification of incomes, from the lowest to the highest.

Productivity

The quantity of goods and services produced from each unit of labor input.