INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a reason why business entrepreneurship fails?
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Lack of experience
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Strong marketing efforts
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Poor financial control
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Weak management mistakes
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Explanation:
Detailed explanation-1: -Poor cash flow management. Losing control of the finances. Bad planning and a lack of strategy. Weak leadership. Overdependence on a few big customers.
Detailed explanation-2: -Lack of research. Not having a business plan. Not having the business funding they need. Financial mismanagement. Poor marketing. Not keeping abreast of customer needs or the competition. Failing to adapt. Growing too quickly. More items •06-Jul-2021
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