What is the primary focus of effectuation?Question 13Answera.identifying opportunitiesb.minimizing riskc.maximizing profitsd.achieving economies of scale

According to effectuation, entrepreneurs should focus on:Question 22Answera.leveraging available resourcesb.minimizing uncertaintiesc.maximizing market shared.following a linear business plan

Which of the following is a key principle of effectuation? Question 7Answer a. affordable Loss Principle b. risk Aversion Principle c. causal Reasoning Principle d. proactive Planning Principle

Which of the following best describes the approach of effectual entrepreneurs?Question 9Answera.They experiment and learn from failures.b.They pursue a predetermined market opportunity.c.They focus on predicting and controlling the future.d.They rely heavily on external expertise and resources.

Which of the following best describes the mindset of an effectual entrepreneur?Question 25Answera.embracing uncertainty and ambiguityb.averse to risk-takingc.focused on following industry normsd.relying heavily on external funding

The lowest risk industry change trajectory is?Group of answer choicesProgressive changeRadical changeCreative changeIntermediating change