The ability of entrepreneurs to understand how to turn a new technology into a product or service that will be valued by consumers refers to the ability to assess ________.
A)information symmetry
B)market research
C)means-end relationships
D)social networks
E)entrepreneurial risk

Question

Quizplus · Accepted Answer

Means-end relationships refer to understanding how a particular means (in this case, a new technology) can be used to achieve a desired end (a product or service valued by consumers). This ability is crucial for entrepreneurs as it involves identifying the potential applications and value of new technologies in the market.

The Ability of Entrepreneurs to Understand How to Turn a New