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A person says that the entrepreneur with more money always succeeds. Which response is correct?

Answer and explanation

Correct answer: Money is a useful resource, but planning, skills and market demand are also necessary for success

Money is a useful resource for starting and running a business, but it does not guarantee success. An entrepreneur also needs sound planning, relevant skills, an understanding of customers’ needs, and market demand. Option D is incorrect because higher capital does not automatically ensure success. Exam tip: Check statements containing absolute words such as “always” and “only” carefully.

Related tags

Entrepreneurship MythsEntrepreneurial SkillsBusiness SuccessMarket DemandPlanning SkillsCapitalMyths About EntrepreneurshipEntrepreneurial Skills I

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