Asked by j
What must an entrepreneur assume when starting a business?
that the correct location guarantees success
that every product has a customer who wants it
that clever market strategies may still fail to sell a product
that raising funds is the most difficult step in starting a business
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Answered by
GPT-5 mini
AI
Correct answer: "that clever market strategies may still fail to sell a product."
Why: entrepreneurs should assume uncertainty and risk — marketing helps but can’t overcome a product with no market fit, poor timing, execution problems, bad pricing, or other systemic issues. The other statements are unsafe assumptions: the right location doesn’t guarantee success; not every product has a customer; and the hardest step varies by venture, so you shouldn’t assume fundraising is the most difficult.
Why: entrepreneurs should assume uncertainty and risk — marketing helps but can’t overcome a product with no market fit, poor timing, execution problems, bad pricing, or other systemic issues. The other statements are unsafe assumptions: the right location doesn’t guarantee success; not every product has a customer; and the hardest step varies by venture, so you shouldn’t assume fundraising is the most difficult.
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