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Author Question: According to the textbook, the single most important thing the founders of an entrepreneurial ... (Read 136 times)

wenmo

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on: Jul 6, 2018
According to the textbook, the single most important thing the founders of an entrepreneurial venture can do is ________.
 
  A) start a board of advisors
  B) establish business partnerships
  C) make money
  D) select a limited liability corporation as opposed to an S-corporation
  E) establish a strong ethical culture for their firms

Question 2

The price of prescription medicine is high, partly because when someone is sick there is no real alternative to buying medicine if they want to get better.
 
  Which of Porter's five forces explains how this aspect of the prescription medicine industry helps keep profitability high?
  A) Rivalry among existing firms
  B) Threat of new entrants
  C) Threat of substitutes
  D) Bargaining power of buyers
  E) Bargaining power of suppliers


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dudman123

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Reply #1 on: Jul 6, 2018
Answer to Question 1

E

Answer to Question 2

C


wenmo

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Reply #2 on: Jul 6, 2018
Thank you


dudman123

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Reply #3 on: Jul 6, 2018
No problemo


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