INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ORGANZITIONAL DECISIONS
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PERSONAL DECISIONS
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ROUTINE DECISIONS
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STRATEGIC DECISIONS
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Detailed explanation-1: -Decision taken by entrepreneur on behalf of his enterprise is mainly known as organizational decision. Entities all over the organizations use the information they gather to make a wide variety of decisions. These decisions may touch the lives of others and change the course of an organization.
Detailed explanation-2: -They may choose revenue as their key performance indicator or use something more specific, like securing a particular client. Deciding on the direction of a business plan is one of the most fundamental decisions that an entrepreneur can make.
Detailed explanation-3: -Whether to turn your idea into a reality. Whether to expand or keep the status quo. Whether to give up. Outsourcing or hiring in-house. Product or service pricing. 15-Sept-2014