The Savvy Entrepreneurial Firm feature in Chapter 1 focuses on ...

[Medesa]

The Savvy Entrepreneurial Firm feature in Chapter 1 focuses on Pandora, the Internet streaming music company.
 
  The feature's main purpose is to illustrate the importance of ________ as a key characteristic of the founders and employees of entrepreneurial firms.
  A) execution intelligence
  B) a desire to pursue financial rewards
  C) tenacity despite failure
  D) passion for the business
  E) product/customer focus

Question 2

Greenvelope, the company profiled in the opening feature of Chapter 5, believes it has created sufficient barriers to entry to enable it to maintain a leadership position in the invitation industry. Its barriers to entry include ________.
 
  A) the price-point of its products, the amount of its funding, the strength of its management team, and its partnership with a major player in the invitations industry
  B) its intellectual property, the strength of its brand, its international presence, and its access to distribution channels
  C) the strength of its brand, its network of freelance designers, its social mission, and the functionality of its Web site.
  D) the innovative nature of its products, its network of freelance designers, the strength of its management team, and economies of scale
  E) its international presence, the price-point of its products, its social mission, and the innovative nature of its products

[cassie_ragen]

Answer to Question 1

C

Answer to Question 2

E