Business, 25.12.2019 03:31 nourmaali

Why do entrepreneurs try to start businesses or develop new products? are they more likely to succeed or fail?

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Answer from: genesisdiaz1352

Explanation:

Entrepreneurs are the people who start their own business. They are the sole authority in the business. They are the ones, liable for all the losses and profits of the business. Entrepreneurs start their business with high motivation levels and innovative product. They usually come up in the market with a product which is so unique that it catches up the attention of a lot of people. They are skilled enough to start their business on their own. They enter the market to make a breakthrough, and most of the times Entrepreneurs succeed. This is because they are highly motivated, they are skilled, they have high decision making power, and above all, they have something innovative to be launched in the market. So they are likely to succeed.

Answer from: Quest

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

Answer from: Quest

y=mx+b is the right slope of velocity carry the 4 over

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Why do entrepreneurs try to start businesses or develop new products? are they more likely to succe...

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