Demonstrates an entrepreneur who has tolerance for ambiguity

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Reference no: EM131708363

1. In the context of web-based business models, a merchant model involves:

A. Bringing buyers and sellers together for online business transactions and taking a percentage from the sales.

B. Providing a meeting point sold by subscription or supported by advertising.

C. Offering a free service and ecouraging users to buy extras.

D. Providing free service in exchange for collecting information on users and selling it to other businesses.

E. E-tailing or selling products direct to customers through the web

2. Which of the following scenarios demonstrates an entrepreneur who has a tolerance for ambiguity?

A. Sam's decision to modify a pre-existing problem-tackling strategy in his private firm

B. Ricky's decision to hire an experienced manager to head his new branch in another state.

C. Andy's decision to expand his private firm overseas despite the risk of facing cultural differences

D. Stella's decision to quit her job to enter into a partnership with a well-recognized firm

E. Edna's decision to join her family's well-established business

Reference no: EM131708363

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