Question

Chuck's Roadhouse Grill was on the verge of closing because they were having trouble attracting customers. A larger company purchased the restaurant, changed the name and branding, and started turning a profit within months of reopening. Which type of entrepreneurship was involved?

a) Buyer
b) Imitator
c) Large company
d) Scalable startup

Answer 1

A larger company that purchases and rebrands a failing business to make it profitable exhibits the characteristics of a large company type of entrepreneurship. Therefore, the correct option is C.

Step-by-step explanation:

The situation presented involves a larger company purchasing an underperforming restaurant, rebranding it, and making it profitable again. This displays characteristics of a large company type of entrepreneurship. Large companies often have the capital, resources, and strategic expertise to reposition a business to better meet market demands and achieve profitability.