What Are the Three Key Elements in the Entrepreneurial Process

question 195

Multiple Choice

What are the three key elements in the entrepreneurial process?

• A) The entrepreneur, the opportunity, and the marketing plan
• B) The marketing plan, the production plan, and the finance plan
• C) The product (or service) plan, the entrepreneur, and luck
• D) The entrepreneur, the opportunity, and the resources
• E) The financing plan, the product (or service) plan, and luck

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Definitions:

Social Interaction

The process by which individuals act and react in relation to others.

Reciprocate

To respond to a gesture or action by making a corresponding one, often in kind or mutual exchange.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Conversations

Interactive communications between two or more people, where thoughts, ideas, and feelings are exchanged.