Scenario 2-2. Harry Homer and Jenny Juno are two people extremely interested in establishing a small business. Harry is interested in marketing his newly developed product, which increases the speed by which data are transferred through phone lines. He sees great potential for his new product and is willing to devote his life savings and begin this new venture. Jenny is also interested in this product. She too sees a great potential down the road as businesses adapt this new technology. In the future, she can see a major company growing quickly with the ability to go public or merge with a major phone company.
-In Scenario 2-2, all but which of the following are characteristics Harry possesses as a small business person?
A) risk taker
B) passion
C) perseverance
D) risk averse
Correct Answer:
Verified
Q38: In the growth stage of the start-up
Q39: Forces that occur outside of the business
Q40: In the triggering event stage of the
Q41: Entrepreneurship and small business management are processes,
Q42: Mergers, IPOs, and ESOPs are all forms
Q44: Entrepreneurs recognize an opportunity and start a
Q45: More than 50 percent of business owners
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Q47: Independence and control over their own lives
Q48: Scenario 2-2. Harry Homer and Jenny Juno
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