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Entrepreneurial Development MCQ Questions and Answers Part – 1 Entrepreneurial Development MCQ Questions and Answers Part – 2 Entrepreneurial Development MCQ Questions and Answers Part – 3 1. An individual who initiates, creates and manages a new business can be called _____________. Which sector has lower barriers to market entry?Professional, Scientific and Technical Services is the field with the lowest overall barriers to entry, followed by Construction and then Retail Trade.
Which industry sector trends to naturally promote small scale businesses and entrepreneurship and generally has lower barriers to market entry?Households industrial sector tends to naturally promote the small scale business enterprise.
What are the barriers to entrepreneurship Entry & development?Barriers to entry are the obstacles or hindrances that make it difficult for new companies to enter a given market. These may include technology challenges, government regulations, patents, start-up costs, or education and licensing requirements.
Which of these are barriers to entrepreneurship?There are many barriers to entrepreneurship, including fear, lack of knowledge about the process, lack of time to do the research, and a feeling of insecurity. One of the most common barriers to entrepreneurship is that people feel like they don't have enough time or income to start their own business.
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