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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To establish an operating strategy
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To find out if products are selling
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To determine its proposed mission
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To provide investment information
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Detailed explanation-1: -Metrics, also known as key performance indicators or KPIs, allow you to track the growth and performance of a business. This information is vital because it enables you to monitor the company’s progress toward its goals as well as spot and address potential issues before they arise.
Detailed explanation-2: -A business plan is a critical tool-not just during the start-up phase, but for established businesses also. Reviewing your business plan and updating it regularly gives you a chance to monitor your progress and take corrective action if things aren’t going to plan.
Detailed explanation-3: -Conversion Rate. Customer Growth Rate. Churn. Cost per Acquisition. Customer Lifetime Value. NPS. Active Trials. Session Length. More items •30-Nov-2022