QUESTION Monopolistic competition is what happens in a monopoly. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION A company should develop a new set of skills and strategies in each stage of the life cycle to remain competitive. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Vertical diversification ________. a. focuses your money on just one type of asset b. spreads your money between different types of assets c. involves owning assets that address different aspects of the same situation d. moves the value of your money only upward ANSWER b
Date: September 3rd, 2020
QUESTION Amazon.com’s Kindle, a wireless reading device, is an example of a disruptive innovation. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Businesses operating in monopolistic competition often use a brand name so that customers perceive significant differences in two similar products. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Groupthink is the tendency for a team to want to conform in an effort to minimize conflict. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Innovators may not be as distrustful of change compared to late adopters, but they still avoid risk. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Entrepreneurs need to address the problems of the present and must be able to let go of any need for a ten-year plan. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Leaders need only to create a vision without also communicating it throughout the organization. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
QUESTION Entrepreneurship requires an innovative spirit. Indicate whether the statement is true or false ANSWER FALSE
Date: September 3rd, 2020
