INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Process of devising an idea, taking risks, and establishing a business is-
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business ethics
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business model
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career plan
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entrepreneurship
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Explanation:
Detailed explanation-1: -How do you develop a business idea? The initial stages of formulating a business idea comprise four elements: finding an unmet market need, creating a differentiated solution that meets customers’ needs, poking holes in the concept, and soliciting market feedback.
Detailed explanation-2: -The risk management process methodically identifying the risks surrounding your business activities. assessing the likelihood of an event occurring. understanding how to respond to these events. putting systems in place to deal with the consequences.
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