ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is NOT a DISADVANTAGE of a START-UP?
A
Unproven idea
B
Clean sheet
C
High failure rate
D
Barriers to entry
Explanation: 

Detailed explanation-1: -Cleansheet solves this problem by providing a database of input costs, analytical tools that identify cost-savings initiatives, and expert analysis of competitors. By examining every aspect of the production process, Cleansheet uncovers exactly which procurement or design changes will produce the greatest savings.

Detailed explanation-2: -The term ‘clean sheet’ is a term that comes in soccer for when a goal keeper does not let through any goals during a game. Therefore if the goalkeeper ends the game with no goals scored against his team, he is said to have kept a ‘clean sheet.

Detailed explanation-3: -A clean sheet for a particular team takes place when they do not concede a single goal throughout the entire match that may last for 90 minutes or 120 minutes depending upon whether it is a league or a cup match.

Detailed explanation-4: -Clean sheet for a team means no goals were scored against them. Great job defence! Therefore, “no clean sheet” means one or more goals were scored against them.

There is 1 question to complete.