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What is most necessary to turn opportunity into enterprise in the entrepreneurship process?

Answer and explanation

Correct answer: Planning resources risk management and action

Direct answer: Option A. An opportunity becomes an enterprise only when an entrepreneur converts an idea into organised, responsible action. The step-by-step process is to study the opportunity, set goals, prepare a plan, arrange money, people, materials and technology, estimate risks, decide how to reduce them, start operations, and review results. Option A includes planning, resources, risk management, and action, so it is correct. Option B is wrong because imagination may begin an idea but cannot operate a business by itself. Option C is wrong because rest cannot convert an opportunity into production or service. Option D is wrong because abandoning responsibility prevents decisions, coordination, and accountability. The process may be adjusted after learning from results, but it cannot remain only a dream. Memory cue: opportunity plus planning plus action becomes an enterprise.

Related tags

Home-ScienceEntrepreneurshipProcess

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