INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organizational 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: -These decisions are concerned with policy matters and they influence the goals and objectives of a business venture: Routine decisions.
Detailed explanation-2: -Decision taken by entrepreneur on behalf of his enterprise is mainly known as organizational decision.
Detailed explanation-3: -Input Analysis: Input analysis is mainly concerned with the identification, quantification and evaluation of project inputs, that is, machinery and Page 4 67 materials. You have to ensure that the right kind and quality of inputs would be available at the right time and cost throughout the life of the project.
Detailed explanation-4: -"Capitalization” is the primary concern of founders are trade equity growing venture. Explanation: A venture capitalist (VC) is a private equity investor that provides capital to companies with high growth potential in exchange for an equity stake.