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 of the following statements is true about entrepreneurial discovery:
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It ensures that start-up businesses have continuous funding.
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It’s an ongoing process that facilitates a business’s success rate.
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It provides entrepreneurs with professional development training.
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It’s a way to determine the long-term profit that a start-up company can generate.
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Explanation:
Detailed explanation-1: -The Entrepreneurial Discovery Process is about prioritising investments based on an inclusive and evidence-based process driven by stakeholders’ engagement and attention to market dynamics.
Detailed explanation-2: -The entrepreneurial discovery process (EDP) is widely conceived as an inclusive, evidence-based process of stakeholder engagement that produces information about the potential for new activities, thus enabling effective targeting of research and innovation policy.
Detailed explanation-3: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019
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