Sarthaks Test
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Explain the stages of enterprises model with the help of a diagram.

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This diagram shows the following stages: 

(i)Opportunity spotting by analysing the needs and problems that exist in the environment. 

(ii)Evaluating the ideas received from different sources to find a creative solution. 

(iii)Identifying a product or service through innovation. 

(iv)Setting up a new venture and nurturing it to success.

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