Select the correct option :

1. The entrepreneurial process includes:

a. Planning the business

b. Operating the business

c. Financing the business

d. Both "planning the business" and "operating the business" are correct

2. Which of the following is not a useful trait for an entrepreneur?

a. Determination to succeed

b. Great organizational skills

c. Hesitancy to take risks

d. Ability to act quickly and decisively

3. The phenomenon in which the total value of a product, service, or technology grows as more and more people use it is called:

a. Scalability

b. Viral marketing

c. The network effect

d. First-mover advantage

4. Which of the following factors can make it easier for a new business to enter electronic markets?

a. The network effect

b. A high-energy entrepreneur

c. Low-cost technologies

d. Increased demand for products

Answer rating: 100% (QA)

1 d Both planning the busines... View the full answer