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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kind of potential sources of opportunity is present when it can be found in a situations and events that are unanticipated
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unexpected
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methods
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potential market
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small enterprise
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Explanation:
Detailed explanation-1: -Work experience, hobbies, networks, systematic search lead to opportunity recognition. Opportunities are innovations that occur due to changes in industry structure, demand, outside events, demographics.
Detailed explanation-2: -According to Peter F. Drucker “opportunities are of three types: additive, complementary and break-through”.
Detailed explanation-3: -Unexpected occurrences. These often include failures. Incongruities. Process needs. Industry and market changes. Demographic changes. Changes in perception. New knowledge.
There is 1 question to complete.