ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A ____ entrepreneur must know what they want for their business from the beginning, at present, and in the future
A
Legitimate
B
Resourceful
C
Passionate
D
Goal-oriented
Explanation: 

Detailed explanation-1: -A worthy goal for entrepreneurs is to get to the point where they can work only with their ideal clients. For example, they can choose to work on projects that interest them the most or with companies that have similar values. Working with your ideal clients often makes work more enjoyable and rewarding.

Detailed explanation-2: -Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. Write your business plan. Fund your business. Pick your business location. Choose a business structure. Choose your business name. Register your business. Get federal and state tax IDs. More items

Detailed explanation-3: -Whether to act on their idea. Whether to give up or persist in the face of failure. Which experts to consult. What the core values of their company will be. Whether to seek external investment or not. Their ideal customer. How they’ll price their products. More items •19-Jul-2021

There is 1 question to complete.