537
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 537 • Career Explorations A

What is the most important step toward becoming an entrepreneur in the health science industry?

Answer
A
Finish post-secondary education and gain work experience in the health science industry.
B
Develop a strong business plan that identifies competitors and structures the business.
C
Sell goods and services to customers at a much lower price than competitors can offer.
D
Wait for the perfect timing for opportunities to bring a new product to a volatile market.

Explanation

A strong business plan is a key first step because it helps an entrepreneur define the business, understand its competitors, and plan how it will operate. Education and work experience can be helpful, but they do not replace planning the business itself. Waiting for perfect timing or relying mainly on underpricing competitors is not a sound foundation.

AI-written and checked against the verified answer.

Previous
Next