INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Stage? Choose location of business
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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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Harvesting
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Explanation:
Detailed explanation-1: -Every new business and start-up, big or small, goes through the five stages of business growth. These phases include existence, survival, success, take-off, and resource maturity.
Detailed explanation-2: -Brainstorming to create a pool of potential product or service concepts. Performing customer research to target your ideal customer. Estimating the market potential for your product or service concept. Creating a prototype for your product.
Detailed explanation-3: -Accessibility. Does your business rely on frequent deliveries? Security. Competition. Business Rates. Skill base in the area. Potential for growth. 16-Oct-2017
There is 1 question to complete.