Answer to Question #236569 in Economics for Bea

Question

In January 2005 MXit was launched as a subscription service, which Heunis knew would not work, but decided to try anyway. By the end of April 2005 MXit had only 40 subscribers. At the end of May 2005, it was launched as a free service and the user numbers started skyrocketing.Mxit was the first to have hyperlinks within text , first to sell virtual goods and develop an economy via advertising . They also had to develop their own software

which step in the entrepreneurial process did Heunis have to do once he had conducted feasibility study ?

(a) compile a business plan

(b) launch a strategy

(c) resource strategy

(d) implementation

Answer 1

Heunis had to launch a strategy once he had conducted feasibility study.

So, the correct answer is (b).