ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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attractive; timely; durable; and anchored in a product, service, or business that creates or adds value for its buyer or end user
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practical; opportune; appropriate; and anchored in a product, service, or business that is efficient and effective
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realistic; striking; timely; and anchored in a product, service, or business that is timely
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attention-getting; attractive; timely; and anchored in a product, service, or business that creates or adds value for its buyer or end user
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attractive, durable, resilient, and opportune
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Detailed explanation-1: -Four essential qualities of an opportunity (rather than just an idea): Attractive, timely, durable, anchored in a product, service or business that creates or adds value for its buyer or end user.
Detailed explanation-2: -A superior opportunity is durable. Durable opportunities don’t disappear overnight, often because they are difficult to capture, but that’s also the key to their successability.
Detailed explanation-3: -There are many definitions of opportunity, but most include references to three central characteristics: potential economic value, novelty or newness, and perceived desirability.
Detailed explanation-4: -Scalable. Its price point aligns with the market’s. Availability of resources. Solves a problem. The market can accommodate the opportunity. The business opportunity can create relationships. The business matches your skills. The business will work in your location. More items •02-Jun-2021