INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Jenny started her business one year ago . The business failed. As a typical entrepreneur, what will Jenny MOST likely do?
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Go to work for a major corporation
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Try to learn from her failed venture
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Give up becoming a successful entrepreneur
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Spend the rest of her life wondering what happened to her business
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Explanation:
Detailed explanation-1: -The five stages of opportunity recognition process include getting an idea, opportunity identification, opportunity development, opportunity evaluation, and team assessment. An entrepreneur must follow these stages effectively for a successful business.
Detailed explanation-2: -Focus on profitable customers. Ultimately, your company will become profitable based on how many repeat customers you have.
Detailed explanation-3: -Lack of Right Idea. The core of successful entrepreneurship lies in problem-solving. Unorganized Manpower Resources. Cash Crunch. The Vision of the Founder. Lack of Study of Data. Late Realization. Not Targeting the Right Market. Delegation Issues. More items •12-Apr-2022
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