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65.
According to a study by the Kaufmann Foundation, which of the following is the largest source of
funding for businesses that have been operating at least five years?
66.
The majority of entrepreneurial start-ups are financed through monies from
67.
Private individuals who provide seed capital to young ventures are known as
68.
Which of the following statements about venture capital is not true?
69.
Opportunities can be found through a structured search process. The example of Ancient Ales with their
innovative line of craft beers demonstrates which of the following types of structured search?
70.
According to the text, new ventures launched by entrepreneurial teams are more likely to be successful
than ventures launched by
71.
Which of the following is the most important resource for a start-up activity?
72.
______________ provide(s) a key avenue for growth for many young and small firms through
partnering to obtain resources and to expand into new markets.
73.
The U.S. Small Business Administration supports small business through all of the following except
74.
Which of the following is NOT one of the three characteristics of entrepreneurial leadership mentioned
by the text?
75.
Vision is an important element of entrepreneurial leadership because
76.
According to the textbook, which of the following is NOT a common new entry strategy?
77.
Seeking products or services that have been successful in one market and introducing the same basic
product or service in another segment of the market is referred to as _____________ new entry.
78.
When launching a new venture, finding a way to begin doing business must ___________ generate cash
flow, build credibility, attract good employees, and overcome the liability of newness.
79.
The first personal computer revolutionized computing and how business is conducted. It was using a(n)
______________ entry strategy.
80.
The new entry strategy that a firm chooses is dependent upon the ______________ and the
______________ of the new business concept.
81.
Smell-O-Vision designed an invention to pump odors into movie theatres. It flopped, in spite of its
innovativeness. What kind of new entry strategy was the company using to penetrate the market?
82.
Square provides a means for small businesses to process credit and debit card sales without signing up
for a traditional credit card arrangement of monthly fees and minimum charges. It used which new entry
strategy to enter the market initially?
83.
Tom Monahan, a business creativity coach, says that every new idea is merely a spin of an old idea. A
company that enters the market by offering a product or service that is somewhat new and sufficiently
different in order to create value for customers by capitalizing on current trends is using which new
entry strategy?
84.
In 2005, Plum Organics entered the market with organic baby food and snack foods for children. It now
has over 20 products and is listed at number 63 on the Inc. 500 list of fastest growing private
companies. It used which new entry strategy in 2005?
85.
Which of the following is not a factor that makes it more difficult for new ventures to be successful as
differentiators?
86.
Amazon is an example of a company that used the differentiation strategy to enter the market. The
differentiation features included
87.
One of the ways entrepreneurs achieve success is by using resources more efficiently. This is an
example of how entrepreneurs use a(n) ______________ strategy.
88.
Entrepreneurial firms that pursue a low-cost leadership strategy use all of the following to achieve lower
costs except
89.
When an industry is mature, a(n) ______________ strategy is considered to be one of the most effective
approaches for a new entrant.
90.
According to the text, which of the following does not make it difficult for entrepreneurial firms to
effectively pursue a strategy of differentiation?
91.
New ventures may find it difficult to use differentiation strategies successfully because they lack
_____________ and __________.
92.
Tuft and Needle makes mattresses, according to Strategy Spotlight 8.5 in the textbook. Which generic
strategy most closely represents theirs?
