INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entrepreneurs find ways to avoid business risk.
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -They don’t lose much if the strategy fails, but if it succeeds, they benefit a great deal by taking the risk. Therefore, they make their company more viable and profitable by taking simple methods in their plan of action. Effective entrepreneurs adhere to the core concepts of risk management.
Detailed explanation-2: -Without risk, entrepreneurs will not experience failure and therefore will not learn from their mistakes. Many entrepreneurs understand that there are some small successes hidden within every failure.
There is 1 question to complete.