INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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