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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practice healthy competition
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Create more job opportunities
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Initiate a lots of research and development (R&D) activities
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Improve lifestyle of the society
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Detailed explanation-1: -Responsibility Towards Competitors The responsibilities of business towards its competitors are: not to offer exceptionally high sales commission to distributors, agents, etc. Not to offer customers heavy discounts and /or free products in every sale. Not to defame competitors through false or ambiguous advertisements.
Detailed explanation-2: -CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.
Detailed explanation-3: -Contributing to Community Development – Through participation in Corporate Social Responsibility, entrepreneurs contribute to and support the development of infrastructure for education, healthcare, business training & mentorship and other social needs.