Discuss the few areas in our daily life that can stimulate ideas.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Discuss the few areas in our daily life that can stimulate ideas.
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An entrepreneur is an individual who builds, runs, and operates business activities to get the maximum profit from the business. The process associated with developing a business is known as Entrepreneurship.
For an entrepreneur, a good idea is important to start a business. An idea includes concept, purpose, impression, and a particular product or service. Ideas are required to be analyzed to create whether they can provide good business opportunities to the entrepreneur.
Ideas can be created in various ways; daily lives, external environment, and innovation.
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