Entrepreneurship Basics

Arranging resources without identifying opportunities

Identifying opportunities, arranging resources, and investing for long term gains (correct)

Investing resources without identifying opportunities

Identifying opportunities only

Avoid competition in the market

Identify gaps in the market and turn these gaps into business opportunities (correct)

Only manage the business

Ignore uncertainties and risks of the business

Selling products in the market

Observing the environment/identifying gaps (correct)

Hiring employees

Advertising the business

<p>Bear/tolerate/ the uncertainties and risks of the business</p> Signup and view all the answers

<p>The process of identifying opportunities in the market place and arranging resources for pursuing these opportunities</p> Signup and view all the answers