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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Which is an example of a business that failed because of strategic issues?
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a food truck that parked away from crowded areas
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a food truck that was started by two real estate agents
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a food truck that lost money to employee theft
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a food truck that couldn’t earn enough to pay its suppliers
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Explanation:
Detailed explanation-1: -For an entrepreneurial venture to create new value, three factors must be present-an entrepreneurial opportunity, the resources to pursue the opportunity, and an entrepreneur or entrepreneurial team willing and able to undertake the opportunity.
Detailed explanation-2: -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.