The correct answer is Option (4) → (D), (A), (C), (B)
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Sensing an Opportunity (D): This is the fundamental first step. An entrepreneur must first identify a need, problem, or market gap that can be addressed by a new product or service.
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Gathering Resources (A): Once the opportunity is sensed and a plan is formed, the next step is to acquire the necessary resources: financial capital, human resources, raw materials, etc.
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Persuading Others (C): As the venture takes shape, the entrepreneur must persuade key stakeholders—investors, potential employees, customers, and partners—to buy into the vision. This is crucial for securing funding, building a team, and gaining initial traction.
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Changing with Time (B): This refers to the long-term sustainability and growth of the business, which requires adaptation, innovation, and pivoting based on market feedback and changing conditions. This is an ongoing process that comes after the business is launched.
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