INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is an example of an activity that is performed during the actualization phase of the entrepreneurial process?
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Conduct a survey of potential customers
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Hold a clearance sale to reduce inventory
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Sell stock to the public through the NYSE
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Survey people to get ideas fo consumers wants
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Explanation:
Detailed explanation-1: -The “Five Stages of Entrepreneurship” is a simple framework that helps new founders to understand the entrepreneurship journey. The stages include ideation, planning, execution, scaling, and hypergrowth.
Detailed explanation-2: -Facilities and resources that the business needs to provide its services and run operations may include computers, office equipment, furniture, and technological resources.
Detailed explanation-3: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019
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