INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Measurable
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Risk
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Accessible
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Actionable
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Substantial
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Detailed explanation-1: -Large enough is not a type of requirement for effective segmentation.
Detailed explanation-2: -In each specific segment, customers are limited. So, it is not possible to produce products in mass scale for every segment. Therefore, company cannot take advantages of mass scale production; scale of economy is not possible. Product may be costly and affect adversely to the sales.
Detailed explanation-3: -When the market is too small, you do not need to segment.
Detailed explanation-4: -Segment Reporting Rules Report a segment if it has at least 10% of the revenues, 10% of the profit or loss, or 10% of the combined assets of the entity.
Detailed explanation-5: -Accessible. Differentiable. Actionable. Measurable. Substantial. 25-Jan-2023