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:

Comparable Taste

A term used to describe when two or more food or drink items have similar flavors or palate experiences.

Traditional Rule

Established conventions or standards that have been widely accepted and followed over time.

Minor

A person under the legal age of adulthood, typically under 18 years old in most jurisdictions, who lacks the legal capacity for certain actions and decisions.

Rescinding

The action of revoking, cancelling, or repealing a contract, agreement, or order.