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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Check it satisfies a customer need = market research
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Carry out a successful launch of the product/service
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Either A or B
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None of the above
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Detailed explanation-1: -online surveys. postal surveys. telephone surveys. face-to-face interviews. observation.
Detailed explanation-2: -Talk it Out with Trusted Allies. Once you have a business idea that you think has real potential, don’t keep it to yourself! Research the Market. Draft a Business Plan. Build a Prototype. Raise Funds. 29-Nov-2022
Detailed explanation-3: -Define your research objective. The first step in the market research process is to define your research objectives. Develop your research questions. Gather your research. Interpret your findings. Draw conclusions and make decisions. 29-Dec-2022
Detailed explanation-4: -Making solid business decisions. Securing funding from investors. Determining new business opportunities. Avoiding business failures. 05-Feb-2015