which of these assumptions can an entrepreneur safely make when planning a start - up? check all that…

which of these assumptions can an entrepreneur safely make when planning a start - up? check all that apply.\nsetting up a business in a large city will guarantee its success.\ncustomers exist for every product.\nit is important to have a thorough knowledge of the product.\nthorough planning and sound strategy do not guarantee a business’s success.\nraising funds is necessary but may involve personal risk.

which of these assumptions can an entrepreneur safely make when planning a start - up? check all that apply.\nsetting up a business in a large city will guarantee its success.\ncustomers exist for every product.\nit is important to have a thorough knowledge of the product.\nthorough planning and sound strategy do not guarantee a business’s success.\nraising funds is necessary but may involve personal risk.

Answer

Brief Explanations:

  • Setting up in a large city doesn't guarantee success due to high competition and costs.
  • Not every product has existing customers; market research is needed.
  • Thorough product knowledge helps in marketing, sales, and customer - service.
  • Even with good planning and strategy, external factors can affect success.
  • Raising funds often requires personal guarantees or investments, involving risk.

Answer:

  • It is important to have a thorough knowledge of the product.
  • Thorough planning and sound strategy do not guarantee a business’s success.
  • Raising funds is necessary but may involve personal risk.