INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -Analyzing past experiences and jobs is a good way to come up with a business idea. You can learn about business opportunities by talking to other entrepreneurs. Assessing different business opportunities helps you identify those that have the best chance for success.
Detailed explanation-2: -A business opportunity, in the simplest terms, is a packaged business investment that allows the buyer to begin a business. (Technically, all franchises are business opportunities, but not all business opportunities are franchises.)
Detailed explanation-3: -Identify Your Pain Points. When searching for potential market needs, start with yourself. Conduct Market Research. Another way to prove whether a business idea is viable is by conducting market research. Question Processes. 05-Apr-2022
Detailed explanation-4: -Talk to your customers. Conduct competitor analysis. Look at external factors. Consider other industries. Think about similar companies overseas. 16-Aug-2022