INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One of “The Three C’s” in a business plan is Challenge.
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T
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F
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -These three C’s include: (1) having a concept of what your business is all about; (2) identifying who your customer or client will be; and (3) figuring out how the cash flow in your business will actually work.
Detailed explanation-2: -The 3C Analysis Business Model suggests a business focuses on three key factors for success – company, customer, and the competition. The strengths of the 3C Analysis Business Model lie in its simplicity, practicality, and emphasis on efficiency to reduce wastage.
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