A business that is characterized by innovative strategic practices and which has as its main goals profitability and growth is called
A) a small business.
B) an entrepreneurial venture.
C) strategically positioned.
D) a cash cow.
E) a star.

Question

Quizplus · Accepted Answer

An entrepreneurial venture is a business that is characterized by innovative strategic practices and has as its main goals profitability and growth. This type of business is often started by an entrepreneur who is willing to take risks and pursue new opportunities. Small businesses may not necessarily be characterized by innovative strategic practices and may not have the same goals of profitability and growth. Strategically positioned, cash cow, and star are terms typically used to describe specific products or business units within a larger company.

A Business That Is Characterized by Innovative Strategic Practices and Which