ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A good entrepreneur will
A
Be willing to sell their soul for success
B
Change the world
C
Put on a great show
D
Find a new or unusual way of doing business
Explanation: 

Detailed explanation-1: -One of the best ways of identifying new business opportunities is to complete a SWOT analysis.

Detailed explanation-2: -An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship.

Detailed explanation-3: -Feedback from consumer is a group method of generating new ideas for entrepreneurs.

Detailed explanation-4: -Identify Your Pain Points. When searching for potential market needs, start with yourself. Conduct Market Research. Another way to prove whether a business idea is viable is by conducting market research. Question Processes. 05-Apr-2022

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