In most cases, the first step in the initial (pre-planning)phase of the entrepreneurial process is this.
A)planning the venture
B)identifying potential opportunities
C)exploring finance options
D)researching the venture's feasibility

Question

Quizplus · Accepted Answer

The first step in the initial (pre-planning) phase of the entrepreneurial process is typically to identify potential opportunities. This involves exploring the market and identifying customer needs or gaps in the market that could be filled by a new venture. Once potential opportunities have been identified, the entrepreneur can move on to researching the feasibility of the venture, exploring finance options, and planning the venture.

In Most Cases, the First Step in the Initial (Pre-Planning)phase