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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The story of Amazon’s Jeff Bezos putting $100 million worth of toys into his company’s inventory is an example of:
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strategic risk.
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hazardous risk.
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people risk.
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location risk.
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Explanation:
Detailed explanation-1: -Which is a method for tamping down the initial excitement of a potentially “winning” idea during the ideation stage? Build a simple prototype and show it to members of the target market.
Detailed explanation-2: -What Is a Business Plan? A business plan is a document that defines in detail a company’s objectives and how it plans to achieve its goals. A business plan lays out a written road map for the firm from marketing, financial, and operational standpoints. Both startups and established companies use business plans.
There is 1 question to complete.