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Clarity of explanation
Clarity of explanation

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Q: When explaining an idea in the business world what is most important?
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What is a entrepreneur and why are they important to the economy?

An entrepreneur is someone who invents an idea using the country's resources and tries to start a business with the idea. They are important because they develop ideas and improve the country.


How should an entrepreneur identify the best business idea?

Identifying the best business idea depends upon requirements of entrepreneurs which includes what they are looking for, their needs, budget requirements and their vision. The other thing that need to check is the future scope of the business that one is going to start. Its demand, its return on investment, target audience. Research is a most important factor that need to perform when going to start any business.


Why do you have entrepreneurs?

In this capitalist world, we have entrepreneurs because there is a constant need for business innovation from people with great ideas who are willing to take a risk in building that idea into a reality.


What is the idea that international business should not be limited by tarrifs or quotas known as?

The general idea that international business should not be limited by tariffs or quotas is known as "free trade."


What is the nature of entrepreneurship?

The nature of entrepreneurship is business risk. As define by many - entrepreneurship if the art, or system of organizing a business idea and venture, and assumes the risk that may affect the business venture in the future as it progresses. Entrepreneurs study the business, the market and create ideas to grab opportunities in developing and innovating a business. It involves critical thinking and perseverance to build the idea into a solid business aspect.

Related questions

What is important when explaining an idea in the business world?

Clarity of explanation


Why is a business idea important?

According to me, business idea is considered to be very important. Without a business idea, one cannot start a business. If you want to run a successful business it is necessary to have a business idea.


What is the important of business idea?

A business idea is important because it will help your company want to achieve something. If you do not have ideas, it is going to be almost impossible for the business to grow.


It is important to learn English?

Considering sixty percent of the world is using English in business and tourism and education it is a good idea to learn English.


Generalization-examples of words explaining the term?

i have no idea


What would be helpful in explaining why individuals accept the risks of business ownership?

It depends what type of business people are getting into. Often two individuals accept the risks of business ownership because they need to pool their money and resources to make the business successful or, one person may have come up with a good idea for a business while the other has the cash flow to make it work. Also one of the partners may have better connections out in the business world.


What is a entrepreneur and why are they important to the economy?

An entrepreneur is someone who invents an idea using the country's resources and tries to start a business with the idea. They are important because they develop ideas and improve the country.


How can one promote a new business idea?

There are many ways one can promote a new business idea. The most important is: take time to develop a new business plan to set one's business apart from the competition, and then think of the various forms of advertising.


What was the important idea that democritus had 2000 years ago about the substances that make up the world?

1. Recall the important idea that Democritus had 2000 years ago about the substances that make up the world.


Why business idea is important?

According to me, business idea is considered to be very important. Without a business idea, one cannot start a business. If you want to run a successful business it is necessary to have a business idea.


What are the advantages of studying business in school?

Well it helps understand how to start a business and gives them an idea about taxes and helps them understand the world


How does Roosevelt support the idea that wartime production will have hurdles?

By explaining in simple terms what it involves