An entrepreneur who enters the market with a product or service offering similar to those existing in the market is called: Innovative entrepreneur Replicative entrepreneur Opportunity entrepreneur Necessity entrepreneur
Question
An entrepreneur who enters the market with a product or service offering similar to those existing in the market is called: Innovative entrepreneur Replicative entrepreneur Opportunity entrepreneur Necessity entrepreneur
Solution
The entrepreneur who enters the market with a product or service offering similar to those existing in the market is called a Replicative entrepreneur. This type of entrepreneur does not innovate but replicates existing products or services.
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