The Entrepreneurial Process in the Startup Process Model Begins with

question 43

Multiple Choice

The entrepreneurial process in the startup process model begins with

• A) A visit to the local banker for startup funds
• B) A visit to the local library for more information on the business
• C) A visit to a favorite business professor for advice
• D) An innovative idea that is refined as the idea is thought through

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Definitions:

Buying Function

The process within a company or organization responsible for purchasing goods, services, or materials, often for resale or operational use.

Procurement Sources

Suppliers or vendors from which businesses obtain goods and services needed for their operations.

Electronic Ordering

The process of purchasing goods or services via electronic means, such as the internet or mobile applications.

Computerized Cash Register

An electronic device designed to handle sales transactions, equipped with the ability to store, process, and record sales data.