Entrepreneurship MCQ Questions and Answers Quiz

31. Which one of the following is the next stage to the Concept Stage of Product Planning andDevelopment Process?

  1. Idea Stage
  2. Product Planning Stage
  3. Product Development Stage
  4. Test Marketing Stage

32. Why should an entrepreneur do a feasibility study for starting a new venture

  1. To identify possible sources of funds
  2. To see if there are possible barriers to success
  3. To estimate the expected sales
  4. To explore potential customers
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