Business Studies · Entrepreneurship Development
Which of the following is considered the initial foundational step in the sequence of setting up a new enterprise?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Initiating the operational scale advertising campaigns
- 2Hiring a legal corporate advisor team
- 3Procuring the total fixed assets requirement
- 4Identification of a business opportunity and conceptualizing a plan✓
Correct answer
Identification of a business opportunity and conceptualizing a plan
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