ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banks make financing decisions based primarily on the personality and experience of the entrepreneur.
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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: -Even with the right idea, money, and time, not all businesses turn out to be successful. Only a fraction of all entrepreneurs become successful.
Detailed explanation-2: -The main objective of any business is to earn a profit. Just as a plant cannot survive without water, similarly a business cannot sustain without profit. Profit is necessary for growing and expanding business activities.
Detailed explanation-3: -Innovation. An entrepreneur is the key source of innovation and variation in an economy. It is actually one of the most important tools of an entrepreneurs success. They use innovation to exploit opportunities available in the market and overcome any threats.
There is 1 question to complete.