INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a question that a business might ask when it wants to evaluate its weaknesses:
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What resources do we lack?
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What is our competition doing?
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What markets have our competitors missed?
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What are our assets?
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Explanation:
Detailed explanation-1: -Market research should never be underestimated. Many successful new businesses enjoy longevity because their owners conduct regular market research to understand their target market, identify consumer problems and pinpoint realistic competitors.
Detailed explanation-2: -Lack of management depth. What is a potential weakness a manager might identify in a SWOT analysis? Financial resources. Which is an internal strength that a business might identify during a SWOT analysis? Strengths, weaknesses, opportunities, and threats.
There is 1 question to complete.