INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Timeless access, i.e. 24 hours a day, 7 days a week.
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Border less access, i.e. opportunities to manage the business from anywhere in the world.
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Cost savings.
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Improved delivery of products.
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Personalized customers’ services.
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Detailed explanation-1: -The correct answer is Late response to customer needs. A late response to customer needs is NOT an advantage of E-Commerce.
Detailed explanation-2: -Increased customer satisfaction and loyalty. Greater efficiency and cost reduction. Increased business revenue.
Detailed explanation-3: -Cheaper start-up cost. For new business owners, overhead costs can be overwhelming and it may impact your financial health negatively. Low Marketing Cost. The internet is a cost-effective tool. Flexibility. International Market. Easier and faster financial transaction. 01-Jun-2021
Detailed explanation-4: -Low Cost. One key benefit of e-commerce is that online stores do not require the same costs as physical stores. 24/7 Availability. Customer Data Insights. Increased chance of scalability. Increased profit margin. Broader customer reach. Wide range of products. Affordable marketing and advertising. More items •19-Sept-2022