BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entrepreneurship
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Hyper competition
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Governmental laws
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Organizational culture
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Detailed explanation-1: -Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity? Hyper competition has forced U.S. companies to focus on new product development and increased productivity.
Detailed explanation-2: -The Distribution channels give suggestions for new product and als help to market new products. The distribution channels are chosen for providing ideas for new products because they are more familiar and have more understanding on the market needs.
Detailed explanation-3: -Identifying a customer’s pain points is the first step for entrepreneurs in developing a new product. Julia Austin offers tips for choosing the right “job to be done.” As an entrepreneur, how confident are you that you fully understand your customer’s pain points or their job to be done?
Detailed explanation-4: -By definition, exporting is the practice of sending or transporting goods or services to a foreign country for trade or sale.