In Most Cases, the First Step in the Initial (Pre-Planning)

question 28

Multiple Choice

In most cases, the first step in the initial (pre-planning) phase of the entrepreneurial process is this.

• A) pinpointing potential competitive advantages
• B) identifying potential opportunities
• C) exploring finance options
• D) researching the venture's feasibility

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Definitions:

Similarities

Aspects, characteristics, or features that are alike between two or more entities, allowing for comparison or analogy.

Selena Gomez

An American singer, actress, and producer known for her work in entertainment and various social causes.

Singers

Individuals who use their vocal talents to produce musical sounds, often accompanied by instruments or backing tracks.

Inductive Generalization

A reasoning process where a general statement or conclusion is drawn from specific examples or instances.