Success in highly competitive business environments depends on ___.

A) entrepreneurship
B) venture capitalists
C) access to wealthy investors
D) establishing a corporate form of ownership
E) minimizing risk

Competitive Business Environments

Scenarios where businesses compete for the same customers or market share, characterized by rivalry and the need for strategic planning.

Entrepreneurship

Engaging in the process of founding businesses, assuming financial jeopardy with the anticipation of earning profits.