INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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 Question 
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 All of a firm’s activities and how they function in relation to one another are known as 
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  Business operations 
 
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  Efficiency standards 
 
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  Communication goals 
 
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  Desired outputs 
 
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 Explanation: 
Detailed explanation-1: -Business activity is any activity related to the purpose of making a profit. It is often divided into operating activities, investing activities and financing activities. Of these, operating activities tend to be considered the most important as they have the most direct impact on a company’s performance.
Detailed explanation-2: -Business operations is a broad term that describes everything that happens within a company to keep it running and earning money. Business plans often include a section dedicated to operations so that company founders understand the systems, equipment, people, and processes need to make the organization function.
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