INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Analyze current company and market conditions using a SWOT analysis
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Select an organizational structure for your company
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Estimate your future sales for a specific time period
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Review past sales or past trends in the industry
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Detailed explanation-1: -The price level, national income, profit rates, interest rates, and rental rates all help to decide the first market potential and later the sales forecast.
Detailed explanation-2: -Answer and Explanation:-Answer: c. Estimates from the company’s salespersons. The estimates from salespersons are not a method that can reasonably be used to forecast sales.
Detailed explanation-3: -Align the sales process with your customer’s buying process. Define each stage of the sales process. Train your sales team. Analyze the pipeline.
Detailed explanation-4: -Stage 1: Verbal reporting and spreadsheets. Stage 2: CRM and aggregation. Stage 3: Automated data harvesting and inspection transparency. Stage 4: Predictive forecasting. Stage 5: Forecasting as a team sport. 15-May-2019