Topics Entertainment, the focus of the Partnering for Success feature in Chapter 1, produces "boxed sets" of children's DVDs featuring the best products from small producers. What is the primary lesson that entrepreneurial firms can learn from reading about what Topics Entertainment is doing?
A) Developing a product or service that helps individuals and businesses work more smoothly and efficiently is a viable business idea.
B) Small firms often benefit by partnering with larger firms to gain access to their managerial talent
C) innovation is often not the key to entrepreneurial success.
D) By partnering with a large company, small companies can distribute their products more widely and gain more visibility than they would ever be able to do on their own.
E) Quick success can rapidly erode into failure if a business becomes overly confident and starts chasing deals that don't make sense.

Question

Quizplus · Accepted Answer

Partnerships and collaborations with larger companies can provide small businesses with greater exposure and distribution opportunities, which can lead to increased success and growth. By partnering with Topics Entertainment, small producers are able to reach a wider audience than they would on their own, highlighting the importance of partnerships in entrepreneurial success.

Topics Entertainment, the Focus of the Partnering for Success Feature