Asked by Sarahi Rivera on Jul 17, 2024
Verified
In case of competition,the entrepreneurial task is to find a way to direct the arena of competition toward the areas where a new venture is at a competitive disadvantage.
Competitive Disadvantage
A condition or circumstance that puts a company at a less favorable position in the market compared to its competitors.
Entrepreneurial Task
Activities or responsibilities undertaken by an entrepreneur in the process of starting and managing a business.
- Grasp strategies for entrepreneurship in competitive environments.
Verified Answer
MA
Melissa AlvarezJul 21, 2024
Final Answer :
False
Explanation :
The entrepreneurial task in case of competition is to find a way to direct the arena of competition toward the areas where a new venture has a competitive advantage, not a disadvantage.
Learning Objectives
- Grasp strategies for entrepreneurship in competitive environments.
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