This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Identify the three types of startup firms, and discuss how they differ. Provide examples of each ... (Read 48 times)

Jipu 123

  • Hero Member
  • *****
  • Posts: 569
on: Jul 6, 2018
Identify the three types of startup firms, and discuss how they differ. Provide examples of each type of firm.
 
  What will be an ideal response?

Question 2

If a startup pioneers an industry or a new concept within an industry, the name recognition the startup establishes may create a formidable nontraditional barrier to entry referred to as a(n) ________.
 
  A) unique business model
  B) aggressive supremacy
  C) competitive superiority
  D) first-mover advantage
  E) aggressive tactical advantage


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 6, 2018
Answer to Question 1

The three types of startup firms are: salary-substitute firms, lifestyle firms, and entrepreneurial firms. Salary-substitute firms are small firms that afford their owners a level of income similar to what they would earn in a conventional job. Examples of salary-substitute firms are dry cleaners, convenience stores, restaurants, accounting firms, retail stores, and hairstyling salons. Lifestyle firms provide their owner or owners the opportunity to pursue a particular lifestyle and earn a living while doing so. Examples of lifestyle firms include ski instructors, golf pros, and tour guides. Entrepreneurial firms bring new products and services to market by creating and seizing opportunities. There are many examples of entrepreneurial firms in computer software, biotechnology, and medical devices.

Answer to Question 2

D


Jipu 123

  • Member
  • Posts: 569
Reply 2 on: Jul 6, 2018
Excellent

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Cloud types Cloud types
Toe types Toe types
Examples of characteristics measured by palpation Examples of characteristics measured by palpation
Various types of integumentary conditions. (C) Acne. Various types of integumentary conditions. (C) Acne.
Nutrient-Dense Food Choices Nutrient-dense foods provide more nutrition per calorie and fewer solid Nutrient-Dense Food Choices Nutrient-dense foods provide more nutrition per calorie and fewer solid
Competitive firms and maximization Competitive firms and maximization
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library