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Terms in this set (15)Which of the following is not a common trigger for the creation of a new venture? a) Significant event at home or work. c) Government policy and support. Which of the following is not one of the three basic types of entrepreneur? a) Wealth. a) Wealth. What is not a common characteristic of an entrepreneur? a) Highly reflective and rigorous. a) Highly reflective and rigorous. A typical psychological profile of an entrepreneur would not necessarily include: a) High need for achievement. d) High need for personal wealth. Social entrepreneurs are different from conventional commercial entrepreneurs in many respects. Which of the following is not a significant difference between the two types? a) Personal passion and drive. a) Personal passion and drive. Technology entrepreneurs are different to conventional entrepreneurs in all but which of the following ways: a) Education. d) Motives. The technology clusters in Silicon Valley and Boston in the USA are attributable to a number of historical factors. Which of the follow is not a significant explanatory factor? a) Close to world-class technological universities. c) Direct government support for industry and innovation clusters. Which of the following is not typically associated with innovation by smaller firms: a) Increased external links. c) Increased profitability. A business plan for a new venture has many components. Which of the following would you not expect to be a significant component in a business plan? a) Demonstration of technological merit and novelty. a) Demonstration of technological merit and novelty. Which of the following is not a common source of initial funding for a new venture? a) Family or friends. d) Personal savings or borrowings. Almost two-thirds of new ventures fail within the first two years. Which of the following is not a common reason for failure? a) Weak business concept. a) Weak business concept. Successful high-growth new ventures are associated with all but which of the following characteristics? a) Strong external links and relations. c) Expenditure on research and technology. For an academic entrepreneur based in a university, licensing-out a technology to a commercial partner may be more appropriate than forming a spin-out venture because: a) the potential for profit is greater. d) it facilitates dual academic and commercial development. Listing on the Alternative Investment Market (AIM) in London is more attractive to many new ventures because of a number factors. Which of the following is not a common benefit? a) Lighter regulatory requirements. c) Access to venture capital. Which of the following stages of funding of a new venture attract the least investment and interest from venture capitalists? a) Start-up. B) Expansion Students also viewedCh. 9: Creating New Products and Services15 terms Multiple Choice Innovation23 terms Ch 8: Building the Innovation Case15 terms 215 terms Sets found in the same folderChapter 971 terms Managing Innovation127 terms Management of Innovation138 terms Innovation Management30 terms Recommended textbook solutions
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Which of the following is not a reason many businesses fail?The answer is b. They focus on the customer rather than their product or service Any successful business must focus on its customer in order to market products and services that will garner demand and lead to profitability. All of the other answer choices are pitfalls that can lead to a business' demise.
What are the four main reasons why entrepreneurs fail quizlet?What are common reasons small businesses fail?. Lack of adequate capital.. Low sales / revenue.. Higher than anticipated expenses.. Competitive pressure.. An owner unprepared to manage a growing business.. Operations requiring more time than the owner is.. What is the most common type of small business making up about 15% of all small businesses?Retail – 15.05% of small businesses. Food and restaurant businesses – 13.71% of small businesses. Business services – 10.10% of small businesses. Health, beauty, and fitness – 9.71% of small businesses.
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Which of the following is not a common reason that small businesses fail quizlet?
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