INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which step of the problem-solving model involves performing research and interviewing customers, suppliers, and employees?
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define the problem
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gather information
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identify various solutions
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evaluate alternatives
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Explanation:
Detailed explanation-1: -Storyboarding is the process of presenting an idea in a step-by-step graphic format, as Figure 6.12 shows.
Detailed explanation-2: -The first step in the model of business problem solving discussed in the chapter is: Correct identifying the problem. Converting raw data into a more meaningful form is called: Correct processing.
Detailed explanation-3: -Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. Write your business plan. Fund your business. Pick your business location. Choose a business structure. Choose your business name. Register your business. Get federal and state tax IDs. More items
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