Process needs refer to the steps and resources required to meet a specific demand or create a product or service. These needs typically arise when there is a new source of demand in the market that an entrepreneur can capitalize on. This could include developing new production processes, establishing new supply chains, or leveraging new technologies to create innovative solutions.

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Process Needs

Question 92

Multiple Choice

Process needs

A) exist when and entrepreneur can meet a new source of demand.
B) exist to satisfy government regulations.
C) exist when a venture capitalist provides money only for a project filling its needs.
D) exist when the economy suffers a downturn.

Correct Answer: