Author Question: A firm's target market is the limited group of individuals or businesses that it goes after or tries ... (Read 65 times)

rosent76 · **on:** Jul 6, 2018

A firm's target market is the limited group of individuals or businesses that it goes after or tries to appeal to.

Indicate whether the statement is true or false

Question 2

Which of the following statements is incorrect regarding the personal characteristics of entrepreneurs?

A) Some people think that entrepreneurs have a sixth sense that allows them to see opportunities that others miss.
B) The extent and depth of an individual's social network affects opportunity recognition.
C) Several studies show that prior experience in an industry actually blinds an entrepreneur to the recognition of new opportunities in the same industry.
D) Creativity is the process of generating novel or useful ideas.
E) The corridor principle states that once an entrepreneur starts a firm, he or she begins a journey down a path where corridors leading to new venture opportunities become apparent.