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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core strategy, resources, financials, and operations
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core strategy, value proposition, customers and channels
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value proposition, resources, customers and partners
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activities, partners, customers, and competitors
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value proposition, cost structure, financials, and operations
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Detailed explanation-1: -The Barringer/Ireland Business Model template has four major categories; financials, operations, core strategy, and resources.
Detailed explanation-2: -Answer and Explanation: The core strategy is the Barringer/Ireland Business Model Template’s first component that illustrates how organizations compete with their competitors. The four key components of core strategy are business objective, differentiation, target market, and product/market scope.
Detailed explanation-3: -The resources section of the Barringer/Ireland Business Model Template includes three parts: core competency, key assets, and revenue streams.
Detailed explanation-4: -Product differentiation is fundamentally a marketing strategy to encourage the consumer to choose one brand or product over another in a crowded field of competitors. It identifies the qualities that set one product apart from other similar products and uses those differences to drive consumer choice.