Match the items of List – I with List – II with regards to phases of entrepreneurial process :…
In Hisrich and Peters' four-stage entrepreneurial process, identifying and evaluating the opportunity involves assessing the competitive environment (iv), developing the…
Choose your answer
Match the items of List – I with List – II with regards to phases of entrepreneurial process :
| List-I | List-II |
|---|---|
| (a) Identify and evaluate the opportunity | (i) Executive summary |
| (b) Develop business plan | (ii) Develop access to needed resources |
| (c) Determine the required resources | (iii) Implement control system |
| (d) Manage the enterprise | (iv) Assess the competitive environment |
Answer and explanation
Correct answer B
In Hisrich and Peters' four-stage entrepreneurial process, identifying and evaluating the opportunity involves assessing the competitive environment (iv), developing the business plan includes drafting the executive summary (i), determining required resources involves developing access to needed resources (ii), and managing the enterprise requires implementing operational control systems (iii).
Practice for these exams
-
UGC NET Management