Research shows that entrepreneurs with prior knowledge of an industry or market are more likely to recognize opportunities than entrepreneurs who do not have such knowledge.

Question

Quizplus · Accepted Answer

This statement is true. Research has consistently shown that entrepreneurs with prior knowledge of an industry or market are more likely to identify and capitalize on opportunities within that industry or market. This knowledge can come from previous work experience, education, or personal interest in the industry or market.

Research Shows That Entrepreneurs with Prior Knowledge of an Industry