Questions
33:382:302:03 INTRO TO ENTREPREN Intro to Entrepreneurship Midterm Exam Fall 2025
Single choice
Why is it typically easier for new businesses to change their business model when compared to more established businesses?
Options
A.They have fewer competitors.
B.They lack a formal business plan.
C.They are smaller and more agile.
D.They have the capital to fund such changes.
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Step-by-Step Analysis
Exploring why new businesses often find it easier to pivot their business model than established firms involves evaluating each statement through the lens of organizational adaptability.
Option 1: 'They have fewer competitors.' While having fewer competitors can reduce market pressure in the short term, this does not inherently make a business model easier to change. Competition le......Login to view full explanationLog in for full answers
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