Most Small-Business Ventures Are in the ________ Category of the Entrepreneurial

question 105

Multiple Choice

Most small-business ventures are in the ________ category of the entrepreneurial strategy matrix.

• A)high innovation/high risk
• B)low innovation/low risk
• C)high innovation/low risk
• D)low innovation/high risk
• E)high investment/low risk

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Definitions:

Tacit Knowledge

Knowledge that is difficult to transfer to another person by writing it down or verbalizing it, often gained through personal experience and context.

Intuition

The ability to understand something instinctively, without the need for conscious reasoning, often involving quick and effective decision-making based on experience.

Logical Reasoning

Logical reasoning encompasses the ability to analyze a situation and come to a logical conclusion.

Biased

showing an unfair preference for or against something based on personal opinion.