INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
Question
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Utilizes resources
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Discovery
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Resourcing
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Concept Development
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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.
Detailed explanation-2: -Actualization – The stage in the entrepreneurial process in which the entrepreneur operates the venture and utilizes resources to achieve its goals/objectives.
Detailed explanation-3: -Financial Resources: Funding. Human Resources: Employees. Educational Resources: Industry Know How. Physical Resources: Premises and Equipment. More items
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