TOEFL Question
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CLI 아카데미
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2019-04-09 12:03
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985
Read the following passage. Then fill in the diagram with the information that you read.
Entrepreneurs
An entrepreneur is a person who takes the risk of starting and managing a business venture in order to make a profit. Many new businesses fail-some studies estimate the failure rate as high as seventy-five percent. Nonetheless, experts believe that two things contribute to success in entrepreneurialism: innovation and a willingness to take calculated risks.
Innovation is necessary in new businesses. The goal is to meet an unsatisfied demand. This requires creativity, the driving force behind innovation. Innovation is particularly import for entrepreneurs attempting to break into e-commerce, or businesses that buy and sell over the internet. The internet can provide consumers with both convenience and lower price. Jeff Bezos, the founder of discounted prices. They did not care where or how they bought them, and in fact, many preferred to have the books delivered to their homes. Bezos, certain that online demand could be strong, started the first major online bookstore, which is now highly successful.
The ability to take calculated risks is another key component of a new business. Unlike working in an already established business or organization, an entrepreneur enters a territory in which success is not guaranteed. Thus, the entrepreneur is taking a unique financial and personal risk. Debbi Fields, the owner of Mrs. Fields, a highly successful chain of cookie stores, was told to stay out of the business. People said that no one would buy her cookies. At last, she felt there bank to finance her homemade cookie business concept in the late 1970s. her risk paid off-her company is worth over 450 million dollars today.
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Venture: a risky business investment
Innovation: a new or unique product or method
Calculated risk: a risk taken only after carefully considering the results
Founder: a person who starts a business, organization, or nation
Component: a part
Established: existing
Territory: an area or field
Finance: to supply with money
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Q. Which of the following can be inferred from paragraph 1 about business?
(A) New businesses require a significant financial investment.
(B) Entrepreneurs cannot compete with larger businesses.
(C) Businesses that are not innovative never succeed.
(D) Only a quarter of all new businesses are successful.
A > (D) Only a quarter of all new businesses are successful