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Types of Start-up Firms Quiz

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Questions and Answers

What is a common misconception that attracts entrepreneurs to start a business without considering the risks?

Business is a safe investment

What is the misconception that leads many aspiring entrepreneurs to become discouraged?

Business grows rapidly

Why do many starting entrepreneurs face disappointment according to the text?

They assume that business ensures success

What is emphasized as the key to success for an entrepreneur in the text?

Continuous assessment of the venture Signup and view all the answers

What is the risk associated with starting a business according to the text?

Business is a risk Signup and view all the answers

What misconception about business causes disappointment and discouragement among starting entrepreneurs?

Thinking business ensures success Signup and view all the answers

Why do some entrepreneurs stop creating businesses after not seeing immediate growth?

They believe business grows rapidly Signup and view all the answers

What is described as a step-by-step journey in the context of business growth?

Business growth Signup and view all the answers

What is the key advice given to entrepreneurs for achieving success in business?

Keep an eye on all aspects related to the business Signup and view all the answers

Why do some entrepreneurs face disappointment and discouragement in business?

They have misconceptions about business Signup and view all the answers