10 Questions
What is an example of entrepreneurship?
A new product or service offered
What is the resource-based theory focused on?
The quality of resources and capabilities
What is a key aspect of resource deployment?
Configuring resources into a consistent strategy
Which of the following is NOT an example of entrepreneurship?
A new employee hired
What is the outcome of employing valuable, rare, and hard-to-copy resources?
Sustainable competitive advantage
What is a key entrepreneurial act?
Choosing the resources for a firm
What is the rarest type of innovation?
A new form of industrial organization
What is essential for long-term success?
The quality of resources and capabilities
What is involved in deploying resources?
Configuring resources into a consistent strategy
What is the focus of entrepreneurship?
The nature and quality of resources
This quiz covers Entrepreneurship Chapter 2, focusing on entrepreneurial strategies, business planning, and innovation. It introduces students to developing innovative business ideas and maintaining a sustainable venture.
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