What is the primary benefit of engaging in an entrepreneurial venture according to the principle discussed?
Corridor Principle - Entrepreneurship

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Business
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Access to unlimited resources
Guaranteed market dominance
Exposure to a wide range of opportunities
Immediate financial success
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does acquiring knowledge in a specific field help entrepreneurs?
It guarantees financial backing
It allows them to recognize problems that can lead to new ventures
It provides a fixed customer base
It ensures a monopoly in the market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two potential outcomes for entrepreneurs who identify new opportunities?
They can either pivot their initial business or start a secondary business
They can increase prices or decrease quality
They can sell their business or retire
They can hire more employees or reduce their workforce
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the corridor principle suggest about exposure in a given industry?
It limits the ability to innovate
It enhances the ability to recognize opportunities for solving problems
It guarantees immediate success
It reduces competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the corridor principle, what might entrepreneurs do after recognizing new opportunities?
Pivot their initial venture or start a new one
Sell their business
Outsource their operations
Ignore them and focus on the initial venture
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