Entrepreneurship new product development All Correct Test bank Questions and Answers with AnswerKey (latest Update), 100% Correct, Download to Score A

1) Klimit, the company profiled in the opening feature for Chapter 1, plans to make money on the ski jackets and other apparel products that will use its proprietary technology by: A) manufacturing the products and selling them via catalogues and the Internet B) manufacturing the products and selling through large retailers like Gap and Old Navy C) franchising D) manufacturing the products and selling them through ski shops and other specialty stores E) licensing its technology to outdoor gear and apparel companies Answer: E Diff: 1 Page Ref: 4 Topic: Introduction to Entrepreneurship 2) According to the Global Entrepreneurship Monitor (GEM) 2007 study, about ________ of adults in the United States are either starting a business or are running a business that has been in existence for less than 3 1/2 years. A) 3.8 percent B) 7.5 percent C) 9.6 percent D) 12.0 percent E) 15.2 percent Answer: C Diff: 2 Page Ref: 5 Topic: Introduction to Entrepreneurship 3) According to the Global Entrepreneurship Monitor (GEM) 2007 study, the majority of people in high-income countries are drawn to entrepreneurship for the following reasons: A) to take advantage of an attractive opportunity, to pursue independence, and to increase their incomes B) lack of career prospects, government incentives, and to increase their incomes C) lack of promotional opportunities in their jobs, to pursue independence, and government incentives D) to pursue a personal interest, lack of promotional opportunities in their jobs, and to increase their incomes E) to take advantage of an attractive opportunity, lack of career prospects, and government incentives Answer: A