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Questions and Answers
What are the entrepreneur's basics in seeking opportunities, according to the text?
How can opportunities be sourced by entrepreneurs?
What does the term 'substitute' refer to as mentioned in the text?
What does 'rivalry' mean?
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What is meant by 'new entrants' based on the text?
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How can entrepreneurs identify sources of opportunity in the external environment?
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What does 'competition' entail in entrepreneurship?
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'Buyers' are characterized as individuals who:
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'Suppliers' in the context of entrepreneurship are those who:
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What is the significance of external environment for businesses?
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