INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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decisive.
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emotional.
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aware.
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indifferent.
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Detailed explanation-1: -The five stages of opportunity recognition process include getting an idea, opportunity identification, opportunity development, opportunity evaluation, and team assessment.
Detailed explanation-2: -topic we will concentrate on three approaches namely: Observing trends. Solving a problem. Finding market gaps.
Detailed explanation-3: -Identifying business opportunities can allow companies to increase their revenue streams by providing unique products, services, or an innovative approach to a problem. Identification of business opportunities in entrepreneurship is an important step to kickstarting your career as an entrepreneur.
Detailed explanation-4: -Identify Your Pain Points. When searching for potential market needs, start with yourself. Conduct Market Research. Another way to prove whether a business idea is viable is by conducting market research. Question Processes. 05-Apr-2022