Whether associated with a new product, market, or organization, newness can be like a double-edged sword to an entrepreneur because __________.
A) being new is something rare and it can be used to differentiate the firm from its competition
B) less resources are required for successful exploitation of the opportunity
C) newness creates a number of serious challenges such as uncertainty over the value of the product to the customer
D) being new is something rare and it can be used to differentiate the firm from its competition and less resources are required for successful exploitation of the opportunity
E) being new is something rare and it can be used to differentiate the firm from its competition and newness creates a number of serious challenges such as uncertainty over the value of the product to the customer
Correct Answer:
Verified
Q20: Which of the following is a liability
Q21: As discussed in the Opening Profile to
Q22: As discussed in the Opening Profile to
Q23: From an entrepreneurial perspective, "new entry"refers to
Q24: Overall, an imitation strategy has the potential
Q26: If a new entry is sufficiently attractive
Q27: As discussed in the text, stage 3
Q28: Ice cream shops are an example of
Q29: Franchising is not the only imitation strategy.
Q30: Franchising is an example of a new
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