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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target market attractiveness and financial rate of return
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management prowess and resource sufficiency
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capital requirements and industry attractiveness
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concept testing and financial rate of return
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industry attractiveness and overall attractiveness of the investment
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Detailed explanation-1: -The two primary areas to consider in organizational feasibility analysis are management prowess and resource sufficiency. A new venture team is the group of founders, key employees, and advisers that either manage or help manage a new business in its startup years.
Detailed explanation-2: -The two primary issues on business resources are the availability of resources and the capability of resource utilization. Resources that are readily available for use, consumption, or sale within a short period are considered fixed resources.
Detailed explanation-3: -Two of the most important factors related to management prowess are passion for the business idea and understanding the markets in which the firm will participate.