implement entrepreneurshow.

$($a$).)$ Training

$($b$).$ Education

$($b$)$ Covation

$($d$)$ Work experience

The tive periods of developement of artreprerearhte thery accorsing io

Bcience perspect $($a$)$: bay

$($a$).$ Say

$($b$)$ Schumpeter

$($c$)$ Moclelland:

$($d$)$ Fillion

Provides the roadrmap for busiresses. It is necessary belore the stat of

an entreprenurial endeavour.

te Creativity and innovation

$($b$).$ Planring

$($c$)$ Risktaking and uncertainty

$($d$)$ Passion

During this stage, harvesting is normally the last thing on the antreprereur's mind. This

stage is associated with greater risk and potential for fallure.

$($a$).$ Growth stage

$($b$)$ Maturity stage

$($c$).)$ Start$-$up stage

$($d$).$ Incubation stage

$10$

$($ii$)$ TRUE OR FALSE QUESTIONS

ANSWER QUESTION $3$ OR QUESTION $4$

QUESTION $3$

Indicate whether the following statements are True or False.

Speciality products are those consumer products with unique characteristics and

brand name.

Product flexibity is the ability to change the production volumes as demand changes. T$.$

Selective distribution by a manufacturer uses fewer but more rigorously selected

intermediaries in the distribution channel.

Collective bargaining is the process whereby employee collectives and employer The

coltectives attempt to achiove a balance hetween fulfiling the needs. goals and

interests of management on one hand, and those of employees on the other.

Fixed costs are those costs that change in direct proportion to increases in volumes

produced.