Question: 2. The entrepreneurial process involves three distinct stages. What are they? 3. ________ involves the act of new entry into markets, new products or new

2. The entrepreneurial process involves three distinct stages. What are they?

3. ________ involves the act of new entry into markets, new products or new ventures. It can involve both ______ and small firms. By contrast the ________ must carry total responsibility and risk for the new venture, and may not be highly innovative.

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