INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Concept Development
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Discovery
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Resourcing
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Actualization
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Detailed explanation-1: -Resourcing: The third step in the entrepreneurial process is resourcing, wherein the entrepreneur identifies the sources from where the finance and the human resource can be arranged. Here, the entrepreneur finds the investors for its new venture and the personnel to carry out the business activities.
Detailed explanation-2: -Resourcing-stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc.
Detailed explanation-3: -During the startup stage, or the birth of the idea, the venture requires resources to support the startup as the entrepreneur develops the idea, creates the prototype, and builds the infrastructure to support production.