ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

ENTREPRENEURIAL PROCESS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The last stage of Entrepreneurship is
A
Concept Development
B
Actualization
C
Harvesting
D
Discovery
Explanation: 

Detailed explanation-1: -By definition, business harvesting is a systematic practice by which the entrepreneur recovers value gained by the entity through the selling of individual assets or the entire firm as a whole.

Detailed explanation-2: -Harvesting is the process of collecting the mature rice crop from the field. Paddy harvesting activities include reaping, stacking, handling, threshing, cleaning, and hauling. These can be done individually or a combine harvester can be used to perform the operations simultaneously.

Detailed explanation-3: -Decline Stage A company follows three harvesting strategies; reducing and completely cutting the capital expenses, reducing or completely cutting the marketing expenses, and reducing or completely cutting the operational expenses. It usually comprises of shifting or channeling the resources.

There is 1 question to complete.