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 129 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
Thanks for the timely response, appreciate it

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Examples of covalent modifications that occur to the amino terminal tails of histone proteins. The a Examples of covalent modifications that occur to the amino terminal tails of histone proteins. The a
Examples of common surgical positions. Examples of common surgical positions.
Examples of Broken Drawings Examples of Broken Drawings
A variety of types of scissors. A variety of types of scissors.
The 4 Tissue Types The 4 Tissue Types
Main Types of Dietary Lipids Main Types of Dietary Lipids
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library