ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUSINESS CYCLES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
TRUE of FALSEResponding to customers in a timely fashion is not critical in the start-up phase
A
TRUE
B
FALSE
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Fashion entrepreneurs have to be aware and in-charge of all the different fields of the business as research, product development, sourcing, production, marketing, distribution, sales, management, etc.

Detailed explanation-2: -These roles are more than just making business decisions, fashion entrepreneurs play a key role in producing new products. They work closely with designers to come up with ideas for collections and decide the best way of showcasing them on the market.

Detailed explanation-3: -Innovative entrepreneurship They take these ideas and turn them into business ventures. They often aim to change the way people live for the better. Innovators tend to be very motivated and passionate people. They look for ways to make their products and services stand out from other things on the market.

There is 1 question to complete.