An entrepreneur needs a comprehensive plan of action in order to achieve overall success. That is,the entrepreneur needs a
A) bankruptcy.
B) license.
C) strategy.
D) monopoly.
E) None of the Above.

Question

Quizplus · Accepted Answer

A strategy is a comprehensive plan of action that includes goals, objectives, and specific steps to achieve those goals. Without a solid strategy, an entrepreneur may struggle to succeed in their business venture. Bankruptcy, a license, and a monopoly may all be factors that impact the success of an entrepreneur, but they do not constitute a comprehensive plan of action. Therefore, choice C is the best answer.

An Entrepreneur Needs a Comprehensive Plan of Action in Order