Which of the Following Is NOT One of the Five

question 54

Multiple Choice

Which of the following is NOT one of the five major phases of the entrepreneurship process?

• A) Recognition of an opportunity.
• B) Deciding to proceed and assembling the essential resources.
• C) Launching a new venture.
• D) Creating an in-depth, strategic marketing plan.
• E) Building success.

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Definitions:

Six Sigma

A data-driven approach and methodology for eliminating defects in any process.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or standard.

Older Technology

Previously widespread technology that has been surpassed by newer innovations, yet may still be in use or relevant in certain contexts.

Productivity

The measure of how efficiently and effectively resources are used to produce goods and services.