INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Managing financial resources
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Conducting market research
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Teaching technical skills
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None of the above
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Detailed explanation-1: -Identifying opportunities and putting valuable ideas into practice is the core of entrepreneurial behavior. A person or group may carry out the series of tasks needed by this behavior, which usually require creativity, drive, and a willingness to take risks.
Detailed explanation-2: -Analyzing surveys, finding out which techniques your direct competitors are utilizing, and looking to see what customers are looking for right now are all primary market research.
Detailed explanation-3: -Marketing research serves marketing management by providing information which is relevant to decision making. Marketing research does not itself make the decisions, nor does it guarantee success. Rather, marketing research helps to reduce the uncertainty surrounding the decisions to be made.