INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Harvesting
|
|
.Relatively easy to startPartners share skills and risk
|
|
|
A contract between a parent company and a franchisee to use the name and sell the goods or services of the parent company, such as KFC.
|
|
|
The stage in which the entrepreneur decides on a venture’s future growth, development, or demise
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -Actualization: The stage in which the entrepreneur operates the venture and utilizes resources to achieve its goals/objectives. The stage in which the entrepreneur decides on venture’s future growth, development, or demise.
Detailed explanation-2: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.
Detailed explanation-3: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019
There is 1 question to complete.