INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which stage of the entrepreneurial process are you when you are collecting, reviewing, and interpreting surveys about your new business idea?
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Discovery
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Concept Development
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Resourcing
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Actualization
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Explanation:
Detailed explanation-1: -The “Five Stages of Entrepreneurship” is a simple framework that helps new founders to understand the entrepreneurship journey. The stages include ideation, planning, execution, scaling, and hypergrowth.
Detailed explanation-2: -Step 1: Discovery The stage in which the entrepreneur generates ideas, recognizes opportunities, and studies the market.
Detailed explanation-3: -Discovery: An entrepreneurial process begins with the idea generation, wherein the entrepreneur identifies and evaluates the business opportunities.
There is 1 question to complete.