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Entrepreneur is important as it serves as the key driver to a healthy economy. Entrepreneurship is the fuel for the growth of the economy and creating new products and services.

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What is the importance of feasibility studies to an entrepreneur?

the importance of a feasibility study to an entreprenuer is profit oriented


What is A person who starts a business to produce a new product in the marketplace is known as?

An entrepreneur


What is the role of entrepreneur list some tactics he uses to grow his knowledge?

an entrepreneur roles


How is merchandising relevant to an entrepreneur?

How is merchandising relevant to an entrepreneur? In order to answer this I need to first define what is an entrepreneur. By definition an entrepreneur is someone who solves a problem or provide a solution for a profit. The key word here is profit. Based on numerous research for an entrepreneur there are only 3 ways that you can increase your profit. You can argue all you want but there are only 3 ways you can do it. The 3 ways are: 1. Increase the number of clients that the entrepreneur has. 2. Increase the frequency that the clients spend with the entrepreneur. 3. Increase the amount that the clients spend with the entrepreneur. If you look at the 3 ways listed above hence merchandising is definitely relevant to an entrepreneur. Through the proper and right merchandising campaign, an entrepreneur can effectively promote it's brand and increase it's number of clients resulting in more profit. A wide range of merchandise can be used to encourage higher frequency of purchase from the same clients resulting also in more profits. And finally merchandise is a fantastic way for you to do up selling, cross selling and back end selling so that the entrepreneur can increase the amount a client will spend. This will definitely help to boost profit. One of the best example would have to be McDonalds with their Happy Meals. They really milk is such that they produce merchandise with every possible hit movies or cartoons. In short, YES! Merchandising is very much relevant to an entrepreneur.


Explain the characteristics of an entrepreneur?

explain the category and characteristics of netreprenurship

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What is the importance of the entrepreneur in a free enterprise economy?

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What is the importance of feasibility studies to an entrepreneur?

the importance of a feasibility study to an entreprenuer is profit oriented


Of what importance is an accountant to the entrepreneur?

An accountant not only provides the financial data and statements for the business but also interprets the information for the entrepreneur.


What is the importance of dedication in the succes of entrepreneur?

nothing bacause society doesnt exist.


What is the importance of selling?

selling is important because it helps to improve the quality of life like innovations to an entrepreneur.


What is A person who starts a business to produce a new product in the marketplace is known as?

An entrepreneur


What is the difference between a commercial entrepreneur and a social entrepreneur?

what is the difference between a comercial entrepreneur and social entrepreneur


What is a person who starts a business called?

A businessperson. Hopeful An entrepreneur Enterprising Ambitious.


Who are the top ten entrepreneur in the Philippines?

Who are the top ten entrepreneur in the philippines? Who are the top ten entrepreneur in the philippines? Who are the top ten entrepreneur in the philippines?


What is the differences between entrePreneur and entrePreneurshiP?

An entrepreneur is a person. Entrepreneurship is the act of being an entrepreneur. Joe is an entrepreneur. Joe's success is attributable to his entrepreneurship.


What is different between Entrepreneur and Entrepreneurship?

An entrepreneur is a person. Entrepreneurship is the act of being an entrepreneur. Joe is an entrepreneur. Joe's success is attributable to his entrepreneurship.


What is the word entrepreneur in German?

Depending on context, entrepreneur can be translated as:Unternehmer(in)Privatunternehmer(in)Existenzgründer(in)Entrepreneur(in)