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Question
Given the cultural climate of the U.S., business failure and bankruptcy:A.mean the entrepreneur can never hope to start over.
B.carry such a stigma that the entrepreneur is disgraced and ostracized.
C.do not have to be the end for the entrepreneur.
D.means that there would be a change in the outlook of the people.
Answer
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Adaptations necessary to meet changes in market demand are difficult because an organization resists change.
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First movers suffer a cost disadvantage as they are not able to move down the experience curve.
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The knowledge needed to generate innovation cannot be easily learned from a textbook.
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B.Lack of established routines and processes give the venture a new slate.
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_____ refers to the probability, and magnitude, of downside loss.
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A.Building customer loyalties
B.Securing access to supply of key resources
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D.Building in switching costs
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A.customer switching costs.
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C.resource costs.
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The U.S. Chamber of Commerce and Small Business Development Centers are good places to get information and assistance in starting a new business.
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Which of the following problem-solving techniques begins with group members not knowing the exact nature of the problem?
A.Parameter analysis
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C.The Gordon method
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Q:
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A.criticism is not allowed.
B.the technique is based on finding solutions.
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A.are not disclosed to the public.
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C.frequently suggest other new products.
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