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 does the entrepreneur hold the Grand Opening?
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Discovery
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Concept Development
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Actualization
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Harvesting
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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: -Entrepreneurship does not merely mean opening a business. This is simply the first step in actualizing the entrepreneurial venture. Prior to this, businesses must have already passed through the preliminary stages of scanning the environment and prepartion of the feasibility study and business paln.
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