Entrepreneurship Chapter 1 Introduction Study Set Question and Answers
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Entrepreneurship Chapter 1 Introduction Study Set Question and Answers
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Entrepreneurship Chapter 1 Introduction Study Set Question and Answers According to the Global ___ survey, about ___ percent of adults in the United States are either starting a business or are running a business that has been in existence for less than 3 1/2 years. Answer: Entrepreneurship Monitor (GEM) 2015 -2016, 11.9 According to the Global Entrepreneurship Monitor (GEM) 2015 -2016 study, the majority of people in ___ are drawn to entrepreneu rship___ Answer: high -income countries, to take advantage of an attractive opportunity. The survival rates of ___in the ___ is___ Answer: entrepreneurial firms, United States, 50 percent after four years. Cody Rodgers is the founder of a company named Extreme Sports Apparel. The company makes apparel products for extreme sports enthusiasts such as rock climbers, triathletes, skateboarders, and BMX bikers. Cody wants his company to pursue a high level of cor porate entrepreneurship. To achieve that goal, Cody's firm should be___ Answer: proactive, innovative, and risk taking. Google is a firm that is proactive, innovative and risk -taking. From this description, we can most accurately conclude that Google has a___ Answer: high level of entrepreneurial intensity. Apple is an established firm that encourages and emphasizes entrepreneurial behavior throughout its various divisions. According to the textbook, Apple practices___ Answer: corporate entrepreneurshi p. The three primary reasons that people become entrepreneurs and start their___ Answer: own firms are to be their own boss, pursue their own ideas, and pursue financial rewards. According to the textbook, the number one reason that people become entrep reneurs is Answer: to be their own boss. Kasey Stevenson is starting a firm in the women's clothing industry primarily to pursue financial rewards. According to the textbook, starting a business to make a lot of money___ Answer: often fails to live up t o its hype. According to the textbook, the four characteristics of successful entrepreneurs are___ Answer: passion for the business, tenacity despite failure, product/customer focus, and execution intelligence. The number one characteristic shared by su ccessful entrepreneur is___ Answer: a passion for the business. According to the textbook, the passion that motivates people to launch entrepreneurial firms typically stems from the entrepreneur's belief that the business___ Answer: will positively influence people's lives.
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