ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Conduct a survey of potential customers
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Hold a clearance sale to reduce inventory
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Sell stock to the public through the NYSE
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Survey people to get ideas fo consumers wants
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Detailed explanation-1: -Actualization: The stage in which the entrepreneur operates the business and utilizes resources to achieve its goals/objectives.
Detailed explanation-2: -What is an example of an activity for a business person who is entering the harvesting stage of entrepreneurship? Emma and Ivy are considering beginning a jewelry-making business. They have been collecting, reviewing, and interpreting the surveys they distributed last week about their business idea.
Detailed explanation-3: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.
Detailed explanation-4: -The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and consumers who are the end-users of its products or services. Most companies that sell directly to consumers can be referred to as B2C companies.