Xavi decides to open a Mexican restaurant serving street tacos and fajitas. This will be one of several such restaurants in his small town. This entrepreneurial venture, like most small businesses, is characterized by ________ risk and ________ innovation.

Question

Quizplus · Accepted Answer

Small businesses often face high risk due to competition, market uncertainty, and resource constraints. However, opening a restaurant with a common concept like street tacos and fajitas in a town with several similar restaurants suggests low innovation.

Xavi Decides to Open a Mexican Restaurant Serving Street Tacos