1.The majority of entrepreneurial start-ups: a. desire to grow b. are conflicted about growth c. want to grow when the economy is strong but not when the economy is weak

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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1.The majority of entrepreneurial start-ups:
a. desire to grow
b. are conflicted about growth
c. want to grow when the economy is strong but not when the economy is weak
d. do not want to grow

2.Venture capital companies are ________ of investment manager that raises money in the form of "funds" to invest in start-ups and growing businesses.
a. finance organizations
b. consortiums
c. collations
d. limited partnerships

3.Businesses that have the ability to develop and grow faster over a sustained period of time are those that:
a. are cost leaders who actively advertise themselves
b. have a significant effect on the life of their customers and offer high-quality products
c. take advantage of environmental trends and are cost leaders
d. overcome a problem or have a large effect on the productivity or lives of their consumers

4.Any effort that improves the consistency of a good, makes it more comfortable to use, increases its durability, or brings it up to date falls under the category of:
a. geographic expansion
b. increasing the market penetration of an existing product or service
c. extending product lines
d. improving an existing product or service

5.Which of the following is not one of the four primary types of intellectual property protection?
a. copyrights
b. innovations
c. trade secrets
d. trademarks

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