Directions: Be sure to make an electronic copy of your answer before submitting it to Ashworth College for
grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling
and grammar. Sources must be cited in APA format. Your response should be four (4) pages in length; refer to
the “Assignment Format” page for specific format requirements.
- What are the four (4) primary day-to-day challenges involved with growing a firm? Briefly describe each
- Describe the term “liability of newness” and suggest several ways that a new venture can overcome this
- What is intellectual property? Why is it called “intellectual” property? Why is intellectual property such an
important issue for entrepreneurial firms?
- Identify and briefly describe the three types of patents. Include an example of each