According to Penrose, ________ services generate new market, product and service ideas, while ________ services administer the routine functions of the firm and facilitate the profitable execution of new opportunities.
A) managerial; entrepreneurial
B) administrative; business
C) entrepreneurial; managerial
D) business; commercial
E) commercial; administrative

Question

Quizplus · Accepted Answer

According to Penrose, entrepreneurial services generate new market, product and service ideas, while managerial services administer the routine functions of the firm and facilitate the profitable execution of new opportunities. Therefore, option C is the best choice as it accurately describes Penrose's view.

According to Penrose, ________ Services Generate New Market, Product and Service