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Scenario C.Two entrepreneurs,Fred and Ming,were discussing the potential for success or failure of their ventures.They described their start-ups in the following manner:
1.Fred stated that he had very little money invested,but he was the first in the market with his product.
2.Ming stated that her investment in the business was very small and that her product was similar to those already in the market.
-According to the entrepreneurial strategy matrix,Fred's scenario can be described as involving
Ability to Succeed
The capacity or potential a person or group has to achieve goals or reach a desired level of success.
Social Class
A division of a society based on social and economic status, affecting access to resources and opportunities.
Access to Resources
The ability or opportunity to obtain and use necessary materials, services, or valuable information.
Opportunities
Prospects or situations that present possibilities for advancement, achievement, or success, often influenced by socio-economic factors.
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