Which three of the following constitutes a new entry?
creating a new organization
offering a new product to an established or new market
Adopting new technology
Encounter with new competitors
offering an established product to a new market,
New business strategies and goals
Answer- Three constitutes a new entry are given below :
1) Creating a new organization.
2) Offering a new product to an established or new market.
3) Offering an established product to a new market.
New Entry refers to (1) Offering a new product to an established or new market, (2) Offering an established product to a new market, (3) Creating a new organization. Entrepreneurial strategy : The set of decisions, action and reactions, that first generate and then exploit over time a new entry.
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