Scenario C

question 96

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, Kevin's venture can be described as:

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

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Definitions:

Design Elements

The fundamental components used in the creation of visual designs, including color, shape, line, texture, space, and form.

Successful

Achieving desired aims or attaining prosperity, often in terms of career, personal goals, or business outcomes.

Distribution Medium

The channel or method through which information, products, or services are delivered to end-users or consumers.

Well Written

Refers to text that is clearly articulated, grammatically correct, and effectively conveys its intended message.