Scenario C

question 98

Multiple Choice

Scenario C. Use the information given below to answer the questions below the paragraph.
Three entrepreneurs describe their ventures in the following manner:
Raymond: "I have invested very little money but I am the first to launch the product in the market."
Sharon: "I have invested very little money in my business for a product with many similar competitors already in the market."
Kevin: "I have spent an incredible amount of money getting my business going in an industry with many well-established competitors."
-According to the entrepreneurial strategy matrix, Raymond's scenario can be described as:

• A) low innovation/high risk.
• B) low innovation/low risk.
• C) high innovation/low risk.
• D) high innovation/high risk.
• E) high innovation/no risk.

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Definitions:

Percent

A mathematical term describing a part or fraction of a hundred, commonly used to express proportions, ratios, or comparisons.

Men

Adult human males, often referred to in contexts concerning gender differences, societal roles, and health issues.

Visual Cortex

The part of the cerebral cortex in the brain that processes visual information received from the eyes.

Brain's Emotion Centers

Areas within the brain, such as the amygdala and prefrontal cortex, that are primarily responsible for processing and regulating emotions.