Entrepreneurial firms: 1. are small firms that yield a level of income for their owner or owners that is similar to what they would earn when working for an employer2. provide their owner or owners the opportunity to pursue a particular lifestyle and earn a living while doing so 3. bring to market new products and services that are not particularly innovative4. bring new products and services to market by creating and seizing opportunities 5. offer to customers common products that are not particularly innovative, and provide their owner or owners the opportunity to pursue a particular lifestyle and earn a living while doing so

Question

Business

Dean Short

23 November, 18:16

Entrepreneurial firms: 1. are small firms that yield a level of income for their owner or owners that is similar to what they would earn when working for an employer2. provide their owner or owners the opportunity to pursue a particular lifestyle and earn a living while doing so 3. bring to market new products and services that are not particularly innovative4. bring new products and services to market by creating and seizing opportunities 5. offer to customers common products that are not particularly innovative, and provide their owner or owners the opportunity to pursue a particular lifestyle and earn a living while doing so

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Answers (2)

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Kailyn Bolton · Answer 1

The answer is option 4. bring new products and services to market by creating and seizing opportunities

Explanation:

An Entrepreneurial firm are firm that brings new products and services to market by creating and seizing opportunities.

They are firms that creates value and then distribute that value to customers to ensure customers satisfaction.

Hence the best answer for to this question is option 4. bring new products and services to market by creating and seizing opportunities

Aditya · Answer 2

4) bring new products and services to market by creating and seizing opportunities

Explanation:

Any new company is formed by an entrepreneur, but not all new companies become entrepreneurial firms. Entrepreneurial firms are described as companies that offer some innovation and want to make money fast, e. g. Google, Amazon, Ebay, Uber, etc. Older and well established companies do not fit into this definition, even if they offer new technologies. For example, Honda, BMW and other companies introduce every year much more innovations in the car industry than Tesla, but Tesla is considered an entrepreneurial firm while the others are established car manufacturers.

The internet changed the world, and it also allowed several companies to grow exponentially in very short periods of time. The term entrepreneurial firms refers to mostly modern innovative firms that rely mostly on new technologies. We can say that entrepreneurial firms are the startups that really became successful.