What Is Perhaps the Best Way for Entrepreneurs to Break

question 3

Multiple Choice

What is perhaps the best way for entrepreneurs to break into entrenched markets?

• A) Be the low cost provider
• B) Use business model innovation
• C) Go head-to-head with the market leader
• D) None of the above

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Definitions:

Sanctions

Penalties or rewards for conduct concerning a social norm or legal standard.

Advocate

An individual who openly endorses or advocates for a specific cause or policy.

Types of Power

Various forms or sources of influence and control individuals or entities may hold, such as economic, political, or social power.

Agency Supervisor

A manager or overseer within an organization responsible for guiding and evaluating the performance of staff, often within social services, public agencies, or corporate entities.