INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An idea that has commercial value
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Risk
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Innovation
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Opportunity
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Resourcing
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Explanation:
Detailed explanation-1: -An idea is the starting point of the entrepreneurial journey, but it’s not enough to guarantee success on its own. Opportunity, on the other hand, refers to a chance to turn an idea into a viable business. An opportunity is a gap in the market that an entrepreneur can fill with their unique solution.
Detailed explanation-2: -economic trends. market trends. shifting or expanding customer base. changes in government or industry regulations. changes in partnerships or relationships with suppliers, competitors, etc. new or changing funding prospects (eg increase in grant funding)
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