ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business plan helps the entrepreneur to ensure that all risks are identified, calculated and proactively managed.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -They could access industry research or trend reports that will highlight common risks. You can also pay attention to your competitors or companies similar to yours. Any losses, risk management successes, news releases, or even legal precedents can help you identify the same types of risks in your organization.
Detailed explanation-2: -Measuring the risk. In order to mitigate potential risks, an entrepreneur needs to measure a risk before he takes one. Seeking a new opportunity. Insurance is a must. Cut back on financial risks. Learn how to anticipate and predict risks. 21-Jan-2021
There is 1 question to complete.