Why might an entrepreneur prefer to launch an entirely new venture rather than buy an existing firm? What are the three basic types of startup ideas? What are the most common sources of inspiration for startup ideas? What are the two basic strategy options for creating a competitive advantage?

Why might an entrepreneur prefer to launch an entirely new venture rather than buy an existing firm? What are the three basic types of startup ideas? What are the most common sources of inspiration for startup ideas? What are the two basic strategy options for creating a competitive advantage?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Questions 1) Why might an entrepreneur prefer to launch an entirely new venture rather than buy an existing firm?

What are the three basic types of startup ideas? What are the most common sources of inspiration for startup ideas?

What are the two basic strategy options for creating a competitive advantage?

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The most common sources of inspiration for startup ideas include:

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There are two basic strategy for creating a competitive advantage are:

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