Answer to Question #183998 in Economics for Rearabetswe Maleka

Question

Kate wants to start a small catering business in her area. She has already established that she has 

the necessary skills and abilities as well as the required resources to start the new venture. Which 

is the next step in the entrepreneurial process that she needs to follow?

1 Kate needs to compile a business plan.

2 Kate needs to assess the opportunity in a realistic and objective way.

3 Kate needs to conduct a feasibility study.

4 Kate needs to launch and manage the new business.

Answer 1

2 Kate needs to assess the opportunity in a realistic and objective way.