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 would the entrepreneur conducts research to determine if their idea could be a successful business
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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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Explanation:
Detailed explanation-1: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth. These phases are summarized in this table, and the Opportunity Evaluation and Planning steps are expanded in greater detail below.
Detailed explanation-2: -Step 4 : Planning-This is the plan place which involves researching and identifying resources needed to turn the idea into a viable venture.
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