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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Galileo, an educational summer camp, receives very high customer satisfaction ratings. The success is largely due to the talented group of counselors, mentors, and teachers that run the camps. What process does Galileo MOST likely excel at in their organization?
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terminating
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recruiting
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scheduling
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marketing
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Explanation:
Detailed explanation-1: -Business plans typically include detailed information that can help improve your business’s chances of success, like: A market analysis: gathering information about factors and conditions that affect your industry. Competitive analysis: evaluating the strengths and weaknesses of your competitors.
Detailed explanation-2: -Executive Summary of the Business Plan.
Detailed explanation-3: -The importance of a business plan to an entrepreneur begins by helping you to identify your possible problems and challenges. It’s one thing to aim for a goal of being profitable in the first year of operation, but how will you achieve that? A business plan forces you to get realistic and look at your numbers.
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