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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business franchises.
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your family history.
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home-based businesses
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trends in the marketplace.
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Detailed explanation-1: -No business can be established without a idea. A business idea makes everything regarding the enterprise. Everything includes the products/services provided, ways of marketing the products, etc. Your idea doesn’t need to be unique; however, it should have the potential to seize a portion of its target market.
Detailed explanation-2: -Coming up with completely new ideas can help you approach your problem or opportunity from a new perspective. It enables you to expand the range of ideas beyond your current way of thinking which eventually leads to more ideas.
Detailed explanation-3: -Think like an artist. Give your team flexibility. Hire non-human helpers. Learn from people that aren’t like you. Empathize with strangers. Turn pain into purpose. Trust your employees. 04-Aug-2020
Detailed explanation-4: -Determine a target market. A target market is a group of people who are likely to purchase a company’s products or services. Create a buyer persona. Conduct a market analysis. Analyze your competitors. Understand your finances. Get feedback. 03-Feb-2023