ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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how things are being done
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what was done in the past.
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when changes were last made.
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what needs to be done.
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Detailed explanation-1: -When companies are small, entrepreneurs often focus on sales, but then discover that they need to equally focus on: overtrading.
Detailed explanation-2: -Initiating and leading business activities Identifying a gap and planning how to address it helps entrepreneurs initiate new business ventures at any opportunity. They must understand every aspect of the business, including making critical decisions, setting a good example for employees and resolving conflicts.
Detailed explanation-3: -Entrepreneurs’ business ideas can come from their daily lives. For example, they commercialize their hobby. Or, they observe the problems people face and then offer products to provide them with solutions. Basically, business ideas are plentiful, and it’s not hard to find them.
Detailed explanation-4: -Think about your existing skills as a spark for new business ideas. Keep an eye on current events and trends that are creating new market needs. Look for new markets or gaps in an existing market. Consider different pain points in your life and how a product or service might solve them. More items •13-Sept-2022