Question 95

Which four of the following are entrepreneurial strategies?
A. Investing money for safe and secured return
B. "Being fastest with the mostest"
C. Reform, rather than revolutionise
D. Finding and occupying a specialized "ecological niche"
E. Validate and adapt your business model
Choose the correct answer from the options given below :

Solution

One of the essential characteristics of an entrepreneur is an acceptance of risk and a willingness to take risks in the capital landscape. (A) is wrong as it goes against the risk-taking mindset. All other characteristics provided in the question are, in one way or another, essential aspects of being an entrepreneur. Since B, C, D, and E follow, the correct answer is option D.

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