Question

After a year of mentoring, Andrew is starting his own bakery. He has listened to all of his mentor’s advice, especially about developing networks. To help him out, his father’s friend, who owns a supermarket, offers him a supply of flour and sugar at discount prices. Andrew’s close friend, who is a real estate agent, gives him advice on how to get a large loft in the downtown area at a reasonable price. His mother, who has strong political ties in the community, uses her contacts with locals to spread the word about Andrew’s new business. Andrew now possesses high level of _______ capital.

a.opportunistic
b.entrepreneurial
c.social
d.human
e.friendship

Answer 1

Entrepreneurial capital

Step-by-step explanation:

Andrew has been able to identify his business opportunities, take risks and make difficult decisions and been able to renew capitals, learn ability to learn and update the company's knowledge base.

Entrepreneurial capital is focused on sustaining competitive advantage which is achieved with greater enthusiasm when human and relational capitals are transformed into structural capital.