INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Amihan takes note of interesting trends in her environment to get ideas in her future business. What entrepreneurial process does the scenario portray?
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Determining a capital needed
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Developing a business plan
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Opportunity spotting and assessment
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Running the business
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Explanation:
Detailed explanation-1: -Opportunity Seizing is the last step in opportunity spotting and assessment. This is the “pushing through” with the chosen opportunity. Innovation is the process of positively improving an existing product or service.
Detailed explanation-2: -Entrepreneurs should formulate a business plan when they have already spotted and assessed the opportunities for a market. Which will be the core guide and direction of the entrepreneur in calculating the resources needed, assessing how to obtain these resources efficiently, and running the business sustainably.
There is 1 question to complete.