Which of the following are reasons for the success of entrepreneurial ventures? (A) Effective market…

A, B, C and E are the reasons: effective market research, good financial control, good management and a good idea. Market research confirms that real demand exists, financial control keeps cash flow and costs in check, good management turns plans into results, and a sound idea gives the venture something worth offering. The caste of the entrepreneur is a matter of social background, not a business factor of this kind, and a combination that leaves out good management misses one of the most common causes of success or failure.