INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Deciding to become a Corporation
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Harvesting
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Concept Development
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Discovery
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Resourcing
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Explanation:
Detailed explanation-1: -Companies may employ a harvest strategy when a product or line of business reaches the end of its useful life. This marketing or business strategy occurs when a company determines that further investment can no longer increase product revenue.
Detailed explanation-2: -Harvesting (or exiting) is the method owners and investors use to get out of a business and, ideally, reap the value of their investment in the firm. Many entrepreneurs successfully grow their businesses but fail to develop effective harvest plans.
There is 1 question to complete.