The Third Step in the Initial (Pre-Planning) Phase of the Entrepreneurial

question 54

Multiple Choice

The third step in the initial (pre-planning) phase of the entrepreneurial process is ________.

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

---

Definitions:

Loanable Funds

The funds accessible for lending within the financial market.

Equilibrium Interest Rate

The interest rate at which the quantity of money demanded equals the quantity of money supplied, stabilizing the economy.

Loanable Funds

Refers to all the money available for borrowing in a nation's economy, which comes from savings and is used for loans and investments.

Shifted

Shifted refers to the change in position, direction, or tendency of an object, market demand/supply curve, or another measurable factor.