Offering a new product to an established or new market, offering an established product to a new market, or creating a new organization is the entrepreneurial act of _____ _____ .

Match the following feature of a high quality bundle of resources with the instance in which the resources are most likely to be considered to exhibit the said feature . When the resources enable a firm to pursue opportunities, neutralize threats, and offer products and services that are valued by customers

Match the following feature of a high quality bundle of resources with the instance in which the resources are most likely to be considered to exhibit the said feature . When the resources are possessed by few, if any, (potential) competitors

Match the following feature of a high quality bundle of resources with the instance in which the resources are most likely to be considered to exhibit the said feature . When replication of the resources would be difficult and/or costly for (potential) competitors

The ability to obtain, and then recombine, resources into a bundle that is valuable, rare, and inimitable is considered an important _____ resource.

When an entrepreneur is faced with a window of opportunity, the entrepreneur must _____.

An error of _____ occurs from the decision to pursue a new entry opportunity, only to find out later that an entrepreneur had overestimated his or her ability to create customer demand and/or to protect the technology from imitation by competitors.

An entrepreneur's assessment of a new entry's attractiveness is more about whether this opportunity "really" exists or not and less about whether the entrepreneur believes he or she can make it work.

Newness/new entry of a new product normally creates no challenges for entrepreneurs.

_____ are the basic building blocks to a firm's functioning and performance, and they are simply the inputs into the production process.

What is the basis of the entrepreneurial capability to gather, and then recombine, resources into a bundle that is valuable, rare, and inimitable?

The period of time when the environment is favorable for entrepreneurs to exploit a particular new entry is known as a _____ ____ _____ .

An entrepreneur's assessment of a new entry's attractiveness is most likely about _____.

An accurate statement about resources is that _____.

The ability to obtain, and then recombine, resources into a bundle that is valuable, rare, and inimitable is considered an important _____ resource.

When an entrepreneur is faced with a window of opportunity, the entrepreneur must _____.

Identify the advantages that entrepreneurial firms are most likely to experience if they are first movers.

In order to develop a good fit with the external environment, an entrepreneur should initially determine the _____ of the targeted industry.

When customers have considerable difficulty in accurately assessing whether a new product or service provides value for them, this leads to _____ _____ _____ .

If an entrepreneurial firm is a first mover in a particular market, it _____.

The grace period in which a first mover operates an industry under conditions of limited competition is known as _____ _____ .

The requirements that any firm must meet to successfully compete in a particular industry are known as _____ _____ _____ .

Which of the following is true of customer uncertainty?

When does the risk of downside loss occur in a firm?

Which of the following is true of scope?

Which of the following is true of lead time?

Strategies that involve copying the practices of other firms are _____ strategies.

The probability, and magnitude, of downside loss, which could result in the bankruptcy of a firm, is known as ______ .

_____ is a choice by an entrepreneur about which customer groups to serve and how to serve them.

Identify the conditions from which liabilities of newness emerge.

Which of the following is true of imitation strategies?