ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Growth
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Implementation
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Innovation
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Staging
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Triggering Event
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Detailed explanation-1: -Question: Which of the following is not a step of the entrepreneurial process? Answer: Inventing a new product or process Explanation: The entrepreneurial process can be divided into five stages: concept creation, opportunity assessment, planning, bu…
Detailed explanation-2: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.
Detailed explanation-3: -Which of the following is not one of the four steps of the entrepreneurial process? Determining how to seize the spotlight.
Detailed explanation-4: -Baron (2004a:170) names the three stages of the entrepreneurship process as screening ideas for feasibility; assembling needed resources; and actually developing a new business.
Detailed explanation-5: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019