ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Alaina needs advice and assistance in starting her new business venture, so she contacted the Service Corpsof Retired Executives (SCORE). Jack, a SCORE volunteer, agreed to act as Alaina’s guide in the businessstart-up process. Jack is serving as Alaina’s
A
intermediary
B
apprentice
C
entrepreneur
D
mentor
Explanation: 

Detailed explanation-1: -Business Entrepreneur: Business entrepreneurs are individuals who conceive an idea for a new product or service and-then creates a business to materialize their idea into reality.

Detailed explanation-2: -One of the first things you should do as a small business owner is develop a business plan. It’s vital that you develop this essential document to steer future work and hold yourself accountable, but it’s also important to not go too in-depth during the early stages of developing your concept.

Detailed explanation-3: -Do your research. You want to make sure you understand the industry you’ll be involved in so you can dominate. Determine your audience. Have a strong mission. Choose a structure. Map your finances. Understand your tax burden. Understand the risk. Put together a business plan. More items

Detailed explanation-4: -Get Organized. To achieve business success you need to be organized. Keep Detailed Records. All successful businesses keep detailed records. Analyze Your Competition. Competition breeds the best results. Understand the Risks and Rewards. Be Creative. Stay Focused. Prepare to Make Sacrifices. Provide Great Service. More items

There is 1 question to complete.