On average each year, about 7 percent of all firms in the United States are new and 1 percent go out of business.According to the text, luck may play a role.Which of the following reasons for failure might be attributable to luck?
A) An individual undertakes a very risky venture so that his product is first to market.
B) An executive fails to undertake an investment that would have yielded great success.
C) An executive focuses on the incorrect objective.
D) An executive undertakes an investment just prior to a major natural catastrophe that destroys the firm's assets.
E) An executive fails to perceive what customers really want.
Correct Answer:
Verified
Q15: Being a first mover means:
A)Being the first
Q16: Core competency implies:
A)a firm produces one single
Q17: According to the text, "economics tempers the
Q18: Globalization does not mean:
A)the homogenizing of markets.
B)when
Q19: TQM means
A)total quiet management.
B)total quality maneuvers.
C)total quality
Q21: To an economist, the word 'marginal' means:
A)total.
B)average.
C)next
Q22: First movers
A)are usually firms with large market
Q23: Mergers and acquisitions
A)are usually associated with business
Q24: Business success is largely dependent on
A)being a
Q25: Economic decision making recognizes that
A)all choices have
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