Sam Atkinson, a new entrepreneur who had just launched his venture, joined an entrepreneurship boot camp. Sam's goal in joining the boot camp was to overcome the liability of ________.
A) entry barriers
B) foreignness
C) startups
D) failure
E) newness

Question

Quizplus · Accepted Answer

The term "liability of newness" refers to the fact that new firms face a higher probability of failure than established firms. Therefore, Sam joined the entrepreneurship boot camp to overcome the liability of newness and improve his chances of success.

Sam Atkinson, a New Entrepreneur Who Had Just Launched His