ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An existing business
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A new business
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Corporate freelance business
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A franchise
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Detailed explanation-1: -Independence and flexibility You’ll have more freedom and independence working for yourself, so won’t be tied to the typical 9-5, Monday-Friday working week. Being your own boss means you can work when you work best – whether that’s 12pm or 12am – which should result in you being far more productive.
Detailed explanation-2: -The adage “start from scratch” means beginning a project with various pieces and incorporating each piece into the project to make one cohesive product. Starting a business from scratch is where most small business owners begin, taking a passion and skills and combining each with real world applications.
Detailed explanation-3: -A business opportunity, also called bizopp, is the chance to take advantage of an occurrence in the market to begin a business. It involves some kind of favourable condition which exists in the market. A business opportunity is what makes some businesses succeed while others fail.
Detailed explanation-4: -A Basic definition. By definition, a business opportunity is a well-thought idea that needs to be developed. #1 Franchising. #2 Distribution and Deals. #3 Marketing. #4 Licensing. 07-Aug-2020