Choose and Describe Two of the Four Broad Categories of Entrepreneurs

question 18

Essay

Choose and describe two of the four broad categories of entrepreneurs that differ from the traditional path.

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Definitions:

Launch Stage

The phase in the lifecycle of a product or service during which it is introduced to the market after its development and testing.

New-product Development

The complete process of bringing a new product to the market, from initial idea to final launch.

Least Expensive

Referring to the option that costs the least amount of money, often sought in budgeting and financial planning.

Ethical Issue

A situation or decision that involves a conflict between a person's moral principles and the best course of action.