What Factors Do You Have to Consider When Selecting a Target

question 24

Multiple Choice

What factors do you have to consider when selecting a target industry for a venture:

• A) The technology life cycle stage of the industry overall, often reflected by new technologies, products, and services recently announced by players in the industry
• B) The channels of distribution within an industry
• C) No existing barriers to entry that might make your life extremely difficult as an entrepreneur
• D) All of the above

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Definitions:

Job Security

The chance or likelihood of a person maintaining their employment without facing the possibility of losing their job.

Autonomy

The degree of independence and self-direction that an individual or entity possesses.

Experienced Responsibility

The feeling or condition of having obligations or duties as a result of one's actions or roles gained through experience.

Job Feedback

Information provided by employers or colleagues about an individual's work performance and areas for improvement.