INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Members of a distribution system
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Consumers
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Technical people
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Business associates
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Detailed explanation-1: -Perhaps the most promising source of ideas for new business comes from customers–listening to customers. That is something we ought to do continuously, in order to understand what customers want, where they want it, how they want a product or service supplied, when they want it supplied, and at what price.
Detailed explanation-2: -These may include consumers, existing products and services presently on offer, distribution channels, the government officials, and research and development.
Detailed explanation-3: -A business opportunity, also called bizopp, is the chance to take advantage of an occurrence in the market to begin a business. It involves some kind of favourable condition which exists in the market. A business opportunity is what makes some businesses succeed while others fail.
Detailed explanation-4: -Past work experience/ spin-off from employment. Read also. Hobbies, talents, and interests. A hobby is something you enjoy doing during your leisure time. Customer surveys. Brainstorming. Expert consultations. Market gap analysis. Family and friends. Research and development. More items