INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Classical marketing
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Entrepreneurial marketing
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Either A or B
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None of the above
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Detailed explanation-1: -Your first step in learning how to start a business is to identify a problem and solution. This is because successful startups begin from business ideas that fill the needs of a group of customers.
Detailed explanation-2: -Entrepreneurial Marketing and Strategy Entrepreneurial marketing focuses on innovations and the development of ideas in line with an intuitive understanding of market needs. EM has interactive marketing methods relying on word of mouth communication to find customers.
Detailed explanation-3: -Entrepreneurship identifies the opportunities in great innovations and creates opportunity, adds value, and keeps the value improving over a period of time.
Detailed explanation-4: -Innovation is important in keeping up with the market trends and also giving tough competition in the market. Having an idea of the future trends and being able to keep up with them helps the business grow. A company with an innovative culture adds unique value to its products.