GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The process of starting up a business includes:
A
Looking for business partners, sourcing capital, determining a location, establishing a customer base.
B
Identifying the best products, financing, hiring personnel, selling the products
C
Looking for market opportunities, sourcing capital, determining a location, establishing a customer base.
D
Looking for business partners, saving capital, determining a location, establishing a customer base.
Explanation: 

Detailed explanation-1: -The startup process is broken into three phases: intake, venture development, and getting to license. Each project is unique, and activities may overlap across phases. Depending on the nature of the opportunity, the entire process could take between 30 days and a year, or potentially longer.

Detailed explanation-2: -Small business startups. Buyable startups. Scalable startups. Offshoot startups. Social startups. 01-Feb-2021

Detailed explanation-3: -Step 1: Focus on your core product. Step 2: Keep your pitch simple. Step 3: Stay true to who you are. Step 4: Map it. Step 5: Utilize marketing tools that work best for you. Step 6: Implement a plan of action. Step 7: Exercise the plan. 03-Nov-2003

Detailed explanation-4: -Identify Your Pain Points. When searching for potential market needs, start with yourself. Conduct Market Research. Another way to prove whether a business idea is viable is by conducting market research. Question Processes. 05-Apr-2022

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