look for more opportunities for their business to grow. They may either purchase one or two businesses that can potentially add value to the company, or sell their established business (as a franchise) to potential entrepreneurs. They will delegate a suitable manager for such operations and will act as directors.

ENTREPRENEURS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	The true entrepreneur
B	The Leader
C	The investor
D	The manager

Explanation:

Detailed explanation-1: -The fourth level is all about entrepreneurs who are investing and managing their money to produce more money and to elevate the business. Franchising is one of the key tools of those who are in this level of entrepreneurial mindset.

Detailed explanation-2: -Is a proactive process of developing a business venture to make a profit. It involves seeking opportunities for a market, establishing and operating a business out of the opportunity, and assessing its risks and rewards through close monitoring of the operations.

Detailed explanation-3: -Determine a target market. Create a buyer persona. Conduct a market analysis. Analyze your competitors. Understand your finances. Get feedback. 22-Mar-2021

Detailed explanation-4: -Talk to your customers. Talking to your existing customers can be an effective way to discover new opportunities. Conduct competitor analysis. Look at external factors. Consider other industries. Think about similar companies overseas. 16-Aug-2022

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS