INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Go online to find trade associations, listings of local and national competitors, and any information on financials.
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Explore websites of other shoe retail businesses and take notes.
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Try to think of friends, family members or acquaintances who have experience in retail and ask them about it.
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All of the above
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Detailed explanation-1: -George and Miguel want to know more about their local and online competitors and about the retail industry. What is the best way for them to find all of this information? Go online to find trade associations, listings of local and national competitors, and any information on financials.
Detailed explanation-2: -Which of the following ensures a good idea for a business is an actual business opportunity? The idea solves a unique or want in the market that group of customers is WILLING to buy.
Detailed explanation-3: -The entrepreneur who blindly follows the traditional methods & reluctant to make a change in spite of the loss is called as, innovative. entrepreneur.
Detailed explanation-4: -Brainstorming is a group activity used to generate creative ideas. In the activity, group members are encouraged to think freely and without inhibitions so as to allow the free flow of creativity.