If You Are Thinking About Venturing into a Market and Cannot

question 53

Multiple Choice

If you are thinking about venturing into a market and cannot find any competitors, what should you do as an entrepreneur?

• A)Begin raising capital.
• B)Examine additional opportunities within the same competitive arena.
• C)Focus on product quality.
• D)Expand your definition of the market.
• E)None of the above.

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Definitions:

Adulthood

The period of life when an individual is fully grown and has reached maturity, typically considered to begin at the age of 18 or 21.

Creative People

Individuals who have the ability to think outside the box and produce novel and valuable ideas or solutions.

Self-Starters

Describes individuals who are motivated and initiate tasks without the need for external encouragement or pressure.

Sense of Purpose

A feeling of having goals, direction, and meaning in life.