Once an Entrepreneur Determines Where a New Venture Lies in the Value

question 3

Multiple Choice

Once an entrepreneur determines where a new venture lies in the value chain, he or she must create a

• A) process map.
• B) feasibility study.
• C) business activity flow chart .
• D) timeline.
• E) cash flow statement.

---

Definitions:

Poverty

A state or condition in which an individual or community lacks the financial resources and essentials for a minimum standard of living.

Environmental Factors

External elements such as culture, family, and social context that can influence an individual's development and behavior.

Inherited Characteristics

Traits or qualities that are genetically passed from parents to their offspring.

Personality Characteristics

Traits and qualities that constitute an individual's distinctive character, affecting their thoughts, feelings, and behaviors.