ENT 2113 EXAM 1 QUESTIONS WITH
COMPLETE SOLUTIONS
ENTREPRENUIAL PATH - CORRECT ANSWER✔✔-high tech / high growth
| | | | | | | |
small & medium sized enterprises
| | | |
family businesses
|
corporate entreprenuership |
HIGH TECH / HIGH GROWTH - CORRECT ANSWER✔✔-leading edge or
| | | | | | | | | |
new application of technology
| | |
high research and development (coding, analysis, problem solving)
| | | | | | |
money upfront | |
low production cost, high margin
| | | | |
ease of scalability
| |
SMALL & MEDIUM SIZED ENTERPRISES - CORRECT ANSWER✔✔-main
| | | | | | | |
street not wall street
| | |
already deployed technology/business model
| | |
varying production costs (higher overhead, lower margin)
| | | | | |
more physical & human resources
| | | |
, difficult to scale (low growth)
| | | |
FAMILY BUSINESSES - CORRECT ANSWER✔✔-usually multi-generational
| | | | |
not the same as small businesses
| | | | |
limitless business models | |
varying production costs, varying margins
| | | |
scalability may be hampered by family issues
| | | | | | |
"family office" |
CORPORATE ENTREPRENUERSHIP - CORRECT ANSWER✔✔-organization-
| | | |
centric
large organizations becoming sluggish
| | |
not all can/will adopt innovation
| | | |
NEC - manufactured technology, grew fast and became slow
| | | | | | | |
FRANCHISES - CORRECT ANSWER✔✔-replication of an existing business
| | | | | | | |
model
resources / revenue sharing | | |
guidance and direction from franchisor
| | | |
capital and execution from franchisee
| | | |
corporate america - CORRECT ANSWER✔✔-downsizing
| | | |
COMPLETE SOLUTIONS
ENTREPRENUIAL PATH - CORRECT ANSWER✔✔-high tech / high growth
| | | | | | | |
small & medium sized enterprises
| | | |
family businesses
|
corporate entreprenuership |
HIGH TECH / HIGH GROWTH - CORRECT ANSWER✔✔-leading edge or
| | | | | | | | | |
new application of technology
| | |
high research and development (coding, analysis, problem solving)
| | | | | | |
money upfront | |
low production cost, high margin
| | | | |
ease of scalability
| |
SMALL & MEDIUM SIZED ENTERPRISES - CORRECT ANSWER✔✔-main
| | | | | | | |
street not wall street
| | |
already deployed technology/business model
| | |
varying production costs (higher overhead, lower margin)
| | | | | |
more physical & human resources
| | | |
, difficult to scale (low growth)
| | | |
FAMILY BUSINESSES - CORRECT ANSWER✔✔-usually multi-generational
| | | | |
not the same as small businesses
| | | | |
limitless business models | |
varying production costs, varying margins
| | | |
scalability may be hampered by family issues
| | | | | | |
"family office" |
CORPORATE ENTREPRENUERSHIP - CORRECT ANSWER✔✔-organization-
| | | |
centric
large organizations becoming sluggish
| | |
not all can/will adopt innovation
| | | |
NEC - manufactured technology, grew fast and became slow
| | | | | | | |
FRANCHISES - CORRECT ANSWER✔✔-replication of an existing business
| | | | | | | |
model
resources / revenue sharing | | |
guidance and direction from franchisor
| | | |
capital and execution from franchisee
| | | |
corporate america - CORRECT ANSWER✔✔-downsizing
| | | |