Chapter8|9 Recap Entrepreneurship

Human capital is our source for ideas: Social capital is our talent and intellect.

• TRUE

• FALSE

A revenue model identifies how the company will earn and generate profits.

• TRUE

• FALSE

New ventures require a variety of talents.

• TRUE

• FALSE

Advertising Revenue Model

• It is used when they generate revenue by selling high-quality, exclusive, valuable information to other parties

• Describes the different methods by which third parties can generate money

• Has evolved from its traditional format to encompass the digital world.

Incubator provides tailored support for existing startups.

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• FALSE

Accelerator helps early-stage entrepreneurs to refine an idea

• TRUE

• FALSE

Describes how the owner of an existing business sells the rights to another party to trade under the name of that business

• Licensing Revenue Model

• Franchising Revenue Model

• Merger Revenue Model

• Acquisition Revenue Model

Involves charging customers to gain continuous access to a product or service

• Subscription model

• One-time purchase model

• Free trial model

• Pay-as-you-go model

Charges customers fees on the basis of how often goods or services are used

• Frequency-based Revenue Model

• Utility and Usage Revenue Model

• Time-based Revenue Model

• Quantity-based Revenue Model

A founding team is a group of people with complementary skills.

• TRUE

• FALSE