INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What job opportunity helps companies to find solutions to the problems their business encounters
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product manager
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design
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sales manager
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business consultant
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Explanation:
Detailed explanation-1: -A business problem can be defined as any hurdle, situation, or variation that leads to a difference between the desired objectives and accomplished results. Some problems present themselves (machine failure), while others require in-depth analysis of the organization (declining or slow growth).
Detailed explanation-2: -Break-even analysis– You should understand the formula in your business that shows the difference between making and losing money. Trend analysis– Comparing one period’s numbers to another similar period can help you identify fluctuations in production, profitability, sales growth, etc.
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