INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pricing, planning, organizing and controlling are elements of the management process
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -There are four phases of a proper organizational plan: strategic, tactical, operational, and contingency. Each phase of planning is a subset of the prior, with strategic planning being the foremost.
Detailed explanation-2: -Planning involves the planning of decision making. Organizing includes appropriate coordination between planning and resources. Leading involves motivating the employees to achieve organizational goals. Controlling is related to monitoring and evaluation. 24-Aug-2021
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