1. The idea of becoming an entrepreneur is based on creating new entry. New entry can happen in either one of the following, except:

a. New product to new market

b. New product to an established market

c. Established product to a new market

d. International entrepreneurship

2. ___________________ is a set of decisions, actions, reactions that first generate and exploit over time.

a. Business strategic skills

b. Entrepreneurial strategy

c. Entrepreneurial business plans

d. Risk taking strategy

3. In assessing the attractiveness of a new entry opportunity, the entrepreneur looks at whether the product is the following, except:

a. Inimitable

b. Inexpensive

c. Valuable

d. Rare