The Process of Initiating a Business Venture, Organizing It, and Assuming

question 27

Short Answer

The process of initiating a business venture, organizing it, and assuming its risks is known as _____.

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Definitions:

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and behave in an organization.

Abstract Concept

An idea or notion that is not concrete or tangible but exists as a thought or theory.

Constrains

Factors that restrict the scope, timing, or outcome of a project or activity.

Communication Barrier

Obstacles that hinder effective dissemination and understanding of information between people or groups.