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Questions and Answers
Merchandising is a type of entrepreneurial venture that involves buying and selling of products or goods?
Merchandising is a type of entrepreneurial venture that involves buying and selling of products or goods?
True (A)
Service ventures can be both professional and non-professional?
Service ventures can be both professional and non-professional?
True (A)
Manufacturing ventures are primarily engaged in providing services to customers?
Manufacturing ventures are primarily engaged in providing services to customers?
False (B)
Hybrid businesses are a type of entrepreneurial venture?
Hybrid businesses are a type of entrepreneurial venture?
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Special corporations are involved in the manufacturing of goods or products?
Special corporations are involved in the manufacturing of goods or products?
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Study Notes
Types of Entrepreneurial Ventures
- Merchandising involves the buying and selling of products or goods, playing a vital role in retail and distribution.
- Service ventures encompass both professional (e.g., consulting, healthcare) and non-professional (e.g., cleaning, handyman) services, expanding market reach.
- Manufacturing ventures typically focus on the creation of goods rather than providing services to customers, emphasizing production processes.
- Hybrid businesses merge elements of both goods and services, showcasing diverse operational models and income streams.
- Special corporations concentrate on the manufacturing of specific goods or products, often leveraging specialized techniques or technologies.
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