What Are the Three Key Elements in the Entrepreneurial Process

question 195

Multiple Choice

What are the three key elements in the entrepreneurial process?

• A) The entrepreneur, the opportunity, and the marketing plan
• B) The marketing plan, the production plan, and the finance plan
• C) The product (or service) plan, the entrepreneur, and luck
• D) The entrepreneur, the opportunity, and the resources
• E) The financing plan, the product (or service) plan, and luck

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Definitions:

Technologies

Tools, systems, or methods that apply scientific knowledge for practical purposes, especially in industry and in our daily lives.

Function Properly

The ability of an object, system, or organism to perform its intended or expected task efficiently and effectively.

Dynamic Systems

Systems characterized by constant change, activity, or progress, where interactions and relationships evolve over time.

Shared Sense

A collective understanding or common intuition among a group of people about a particular topic or situation.