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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What is a trend that most likely affects the growth of entrepreneurial ventures?
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The reduced need for health care and related services
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A higher demand for more convenience products
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The shift to an agricultural-based society
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A rise in the desire for slow-response times
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Explanation:
Detailed explanation-1: -Five factors will be key to entrepreneurial success: creativity, tolerance for risk, responsiveness to opportunities, leadership and the ability to take advantage of the rights afforded to you.
Detailed explanation-2: -Entrepreneurs should observe at least four types of trends-economic, social, technological and regulatory-to identify business opportunities and grow their startups. By paying close attention to economic trends, they can identify areas that are ripe for new ideas.
Detailed explanation-3: -Individual. Industrial development. Social environment. Economic environment: Technological environment. Political environment. Incentives. Profit making. 06-Jan-2012
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