Question

According to the text, entrepreneurs who perform the best tend to possess what resources?

a. strong formal institutional support and imitable resources
b. access to capital and a strong network
c. a diverse product portfolio and good leadership
d. unique knowledge and deep insights about opportunities

Answer 1

The best-performing entrepreneurs possess unique knowledge and deep insights, access to capital, and a strong network.

Step-by-step explanation:

The best-performing entrepreneurs tend to possess unique knowledge and deep insights about opportunities. They have a deep understanding of their industry and are able to identify gaps or untapped markets. This gives them a competitive edge and helps them succeed.

Additionally, access to capital and a strong network are also important resources for entrepreneurs. Capital allows them to invest in their business and fuel growth, while a strong network provides valuable connections, support, and opportunities for collaboration.