According to the textbook, two of the most important factors to consider regarding management prowess are ________.
A) the passion the sole entrepreneur or the management team has for the business idea and the extent to which the management team or sole entrepreneur understands the markets in which the firm will participate
B) whether the members of the management team have worked successfully together before and the passion the sole entrepreneur or the management team has for the business idea
C) whether the members of the management team are good networkers and the extent to which the management team or sole entrepreneur understands the markets in which the firm will participate
D) the educational and functional backgrounds of the management team or sole entrepreneur
E) whether the members of the management team are good networkers and the passion the sole entrepreneur or the management team has for the business idea
Question 2
The five competitive forces model is a framework for understanding the structure of an industry.
Indicate whether the statement is true or false
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