The Savvy Entrepreneurial Firm feature in Chapter 5 focuses on three firms that are doing well in crowded industries as ________.
A) they have effectively differentiated themselves from their competitors and have captured a first-mover advantage
B) they have passionate leaders and run savvy promotional campaigns
C) they have captured a first-mover advantage and have unique business models
D) they create meaningful value for customers at a fair price and have differentiated themselves from their competitors
E) they are low-cost leaders and run savvy promotional campaigns

Question

Quizplus · Accepted Answer

The Savvy Entrepreneurial Firm feature in Chapter 5 highlights firms that have created meaningful value for customers at a fair price and have differentiated themselves from their competitors. The feature does not necessarily focus on first-mover advantages, passionate leaders, or low-cost leadership as the primary drivers of success.

The Savvy Entrepreneurial Firm Feature in Chapter 5 Focuses on Three