ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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maximizing the benefits obtained from available opportunities
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taking full responsibility for the completed work
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minimizing resource utilization
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determining performance targets on one’s own
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Detailed explanation-1: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.
Detailed explanation-2: -Study the competition. Conserve cash no matter how good business is. Research new products and services. Don’t tackle huge markets at first. Listen to customer feedback and adapt. Respond to change. 5 Benefits Patent Management Software Must Deliver. 11-Jan-2017
Detailed explanation-3: -Sponsorship of Non-Profit Organisations. Many local groups are searching for corporate sponsors. Contributing To The Local Economy. Promoting Local Businesses. Creative Marketing Strategies. Market Research. 09-Sept-2022
Detailed explanation-4: -Make strategic planning a top priority. Keep a close eye on your competitors. Work to broaden your client base. Stay close to your customers. Monitor profit margins. Develop a cash-flow planner. More items