In order to participate in a trade mission, a product does not have to be on the best prospect list.

GLOBALIZATION AND ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In order to participate in a trade mission, a product does not have to be on the “best prospect list.”

A	true
B	false
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -Trading Entrepreneur: Trading entrepreneur is one who undertakes trading activities and is not concerned with the manufacturing work.

Detailed explanation-2: -A competitive analysis should provide the entrepreneur with information about how competitors market their business and ways to penetrate the market by entry through product or service gaps in areas that your competitors do not serve or do not serve well.

Detailed explanation-3: -Expert-Verified Answer. The Distribution channels give suggestions for new product and als help to market new products. The distribution channels are chosen for providing ideas for new products because they are more familiar and have more understanding on the market needs.

Detailed explanation-4: -Formulating rules and regulations relating to conducting entrepreneurship in their country. We are asked out of the options provided which is not a challenge for the entrepreneur. The correct answer as to which will not be a challenge will be the fourth option.

There is 1 question to complete.

ENTREPRENEURSHIP AND THE GLOBAL ECONOMY

GLOBALIZATION AND ENTREPRENEURSHIP