ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1.Good resources can only lead to success.
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2. Deciding to start only is success as resources are committed so they will work.
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3. The nature and quality of the resources, capabilities, and strategies the entrepreneur possesses is never a hindering factor for long-term success..
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4. Choosing the resources for a firm, configuring these resources into a consistent strategy, and deploying the resources (implementation) are the typical entrepreneurial acts for success.
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Detailed explanation-1: -Starting a business requires research into your target market or your business’s ideal audience and consumer base. Consider how your business can uniquely solve your customer’s problem. Ask yourself what they would do without your product or service.
Detailed explanation-2: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022
Detailed explanation-3: -Listen to your potential clients and past leads. When you’re targeting potential customers listen to their needs, wants, challenges and frustrations with your industry. Listen to your customers. Look at your competitors. Look at industry trends and insights.
Detailed explanation-4: -How many customers are in the market? Can these customers pay for your products or services? Do these customers have the need you solve? How many competitors are competing for your customers’ business? How does your business compare to your competitors? 06-May-2022