INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a specification that a business might establish for selecting spreadsheet software programs:
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Electronically communicate data
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Graphically display financial information
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Regularly organize customer information
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Digitally produce marketing data
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Explanation:
Detailed explanation-1: -What do businesses often develop to be able to store and analyze data for the purpose of making business decisions? operating system.
Detailed explanation-2: -The key objective of a small business is to generate profits. However, as the owners are not keen on evaluating and taking up new business opportunities, they have limited profit-making ability.
Detailed explanation-3: -An opportunity is a favourable set of circumstances that creates a need for a new product, service or business. Four essential qualities of an opportunity (rather than just an idea): Attractive, timely, durable, anchored in a product, service or business that creates or adds value for its buyer or end user.
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