ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A person who:Spots the opportunity to start and run their own business WHO ALSO has enterprise skills to help them become successful
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The process/activities by which new businesses are formed in order to offer products and services in a market.
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Either A or B
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None of the above
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Detailed explanation-1: -Promotion is the first stage in the formation of a company. The term ‘Promotion’ refers to the aggregate of activities designed to bring into being an enterprise to operate a business. It presupposes the technical processing of a commercial proposition with reference to its potential profitability.
Detailed explanation-2: -Enterprise process management, also known as business process management, is a method that organizes and implements all of the activities in an organization in a structured way. This aligns them with organizational goals and maximizes integration across different functions and processes.
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: -At its core, a business process is a repeatable collection of steps a company uses to accomplish a goal. Good processes are crucial to making progress toward your goals and improving your business’s operations. The purpose of a business process is to help your company reach a specific target.