Entrepreneurs Include ___

question 21

Multiple Choice

Entrepreneurs include ___.

• A) founders of new business enterprises that achieve large-scale success
• B) people who buy a local franchise outlet, open a small retail shop, or go into a self-employed service business
• C) people who assume responsibility for introducing a new product or a change in operations in an existing organization
• D) all of the above
• E) only a and b above

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Definitions:

Expense Forecast

An estimate of future costs incurred by a business or project over a specific period.

Cash Cows

Products or business units that generate significantly more revenue than they consume in resources, often funding other areas of a business.

BCG Matrix

A strategic business tool that uses market growth and market share to categorize business units or products into four quadrants: Stars, Question Marks, Cash Cows, and Dogs.

Situation Analysis

An assessment of the current circumstances or factors affecting a specific organization, project, or business venture, to inform strategic planning.