BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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be responsive to changes in the market
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ensure financial controls are maintained.
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build a management team.
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all the above.
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Detailed explanation-1: -Expert-Verified Answer. As a new company grows, the entrepreneur will need to hire more and more of Manpower and acquire more machinery in order to increase the production to reach the daily increase in the demand.
Detailed explanation-2: -While there is no magic formula for beings a successful entrepreneur, those who do succeed tend to have mastered the following set of skills: good and effective communication; being able to sell both themselves and their idea or product; strong focus; eagerness to learn and be flexible; and a solid business plan.
Detailed explanation-3: -An entrepreneur combines the first three of these to manufacture goods or provide services. They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business. Entrepreneurs commonly face many obstacles when building their companies.