According to the Text,what Is the Key to Entrepreneurship

question 64

Multiple Choice

According to the text,what is the key to entrepreneurship?

• A)connections
• B)practice
• C)innovative thinking
• D)risk-taking

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Definitions:

Standard Practice

The generally accepted methods or procedures that are adopted by a professional community for consistency and quality.

Net Promoter Index

A metric that gauges the willingness of customers to recommend a company's products or services to others, used as a proxy for customer satisfaction and loyalty.

Frederick Reichheld

A renowned business strategist known for his work on customer loyalty, including the development of the Net Promoter Score (NPS) as a measure of customer loyalty and satisfaction.

Consumer Acquisition Costs

The total cost associated with acquiring a new customer, including marketing and sales expenses.