Entrepreneurial Development MCQ Questions and Answers Part – 1 Entrepreneurial Development MCQ Questions and Answers Part – 2 Entrepreneurial Development MCQ Questions and Answers Part – 3 1. An individual who initiates, creates and manages a new business can be called _____________. Which industrial sector promote small scale business and entrepreneurship and has low barriers to market entry?Which industrial sector tends to naturally promote small-scale businesses and Entrepreneurship, and generally has lower barriers to market entry? Manufacturing.
Which sector has lower barriers to market entry?Professional, Scientific and Technical Services is the field with the lowest overall barriers to entry, followed by Construction and then Retail Trade.
What are the barriers to entrepreneurship Entry & Development?Barriers to entry are the obstacles or hindrances that make it difficult for new companies to enter a given market. These may include technology challenges, government regulations, patents, start-up costs, or education and licensing requirements.
What are the barriers for entrepreneurship?Barriers to Entrepreneurship. Managing Finances. ... . Inadequate Market Experience. ... . Human Resource Problem. ... . Non-strategic Planning. ... . Lack of Capacity. ... . Political Barriers. ... . Lack of Practical knowledge. ... . Not Having the Right Team.. |