Exam 2: Entrepreneurial Opportunities: Their Origins, Forms, and Suitability For New Ventures

Regulatory or political changes are more likely than any other change to help businesses improve productivity.

Technological changes are a source of entrepreneurial opportunities because they make it possible for people to do things in new and more productive ways.

The economist who believes that entrepreneurial opportunities exist because people have different information is

The way in which an entrepreneurial opportunity is developed and the source of the opportunity are independent of each other.

Which of the following conditions would be most favorable to an entrepreneurial company?

Explain why it might be more difficult for an established firm to invent a new technology or a new product than it would be for a new firm.

Success at entrepreneurial activity requires the entrepreneur to develop a business idea that can defend against competition

Research shows that small entrepreneurial businesses react to changes,and take advantage of opportunities,faster than do large businesses.

The probability that a new firm will survive,the likelihood that a new firm will go public,the amount of sales growth it will have,and the level of profits it will earn have been shown to be as much as ten times higher in a favorable industry than in an unfavorable one.

The birth,maturation,,and death of an industry is what researchers call

An entrepreneurial opportunity can be exploited through the

Scale economies exist anytime that there is a much larger cost to producing the last unit of something than there is to produce the first unit of something

In which of the following situations would a new firm have a higher chance of performing better?

There are many more types of cars targeted at different types of buyers than there are types of frozen corn targeted at different types of buyers. This is an example of

Industries that have greater R&D intensity are more favorable to new firms than industries that have lesser R&D intensity.

Changes in human populations represent

The textbook mentions that because Barnes & Noble spent a large amount of money to build its regular bookstores,it resisted selling books on the Internet. Barnes & Noble resisted selling book on the Internet because of

Which of the following is an example of an advantage that an established firm has over a new firm?

Which of the following situations,and the related industry,would be associated with higher rates of new business formations?

Which of the following companies is most likely to have the largest/best economies of scale?