ENTREPRENEURSHIP

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INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When Bonnie left her job as an air traffic controller, her manager estimated that it could take anywhere from 12-18 months to hire and thoroughly train her replacement. According to statistics, how does the manager’s estimate compare with the average for most job replacements?
A
It’s double the average.
B
It’s a little higher than average.
C
It’s about average.
D
It’s lower than average.
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: -A business plan is a written tool about your business that projects 3-5 years ahead and outlines the path your business intends to take to make money and grow revenue. Think of it as a living project for your business, and not as a one-time document.

Detailed explanation-3: -Step 1 – Initial Idea Exploration, Identification and Assessment. Step 2-Idea/Concept and Scenario/Model Deliberation and Assessment. Step 3-Go/No-Go Decision. Step 4 – Business Plan Preparation and Implementation. Step 5 – Business Operations. Conclusion.

There is 1 question to complete.
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