Discuss about the entrepreneurs and risk

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Reference no: EM131946907

Scenario B: Alex was having a few friends over for dinner, many of whom Alex knew from an international management association. Alex's company provides services to create detailed maps of world areas from satellites, which the firm then sells via the Internet to firms, countries, and others around the world. One of his guests, Susie, bakes cakes for a living.

Her recipes are so well liked that her company has grown dramatically. She has just sold the right to manufacture her cakes to a firm in eastern Alpland. Another friend Vinh is a director at Helix, and his wife Lana has contracted with the breakfast chain Eggs-ellent to open a branch in their state, bearing all the preliminary expenses and development costs, giving a portion of the profits.

Vinh also announced that Helix and another company, McKimsons, are starting a new venture. Finally, Fatima works for Fronterex technologies that is headquartered in her home country and is soon to go abroad to work in Fronterex's new facility, which is an independent company that Fronterex owns and controls in another country. The guests were discussing about how their companies decided to "go global."

1) In Scenario B, which of the following ways of entering into the global marketplace are Helix and McKimsons using together?

A) Joint ventures

B) Franchising

C) Wholly owned subsidiaries

D) Licensing

E) Exporting

2) Which of the following statements about entrepreneurs and risk is the most accurate?

A) Successful entrepreneurs take very careful, calculated risks.

B) Successful entrepreneurs never even consider whether their ventures are risky.

C) Entrepreneurs usually avoid taking risks in their ventures.

D) Entrepreneurs are best characterized as gamblers in their approach to risk.

E) Entrepreneurs alternate between pursuing and retreating from risk.

3) Low-Cal Liquids manufactures a variety of sugar-free beverages and is widely known in the country of Ventana. Low-Cal plans to acquire a small firm named Slim Cow that makes low-fat cheese.

Because of concerns about obesity in Ventana, the market for low-fat cheese is increasing at a growing rate. However, Slim Cow's poor popularity in the market has caused it to go into loss. Slim Cow is most likely a ________ according to the BCG Matrix.

A) cash cow

B) dog

C) star

D) satellite

E) question mark

Reference no: EM131946907

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