Several studies have shown that prior experience in an industry helps entrepreneurs recognize business opportunities.

Name: Several studies have shown that prior experience in an industry helps entrepreneurs recognize business opportunities.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Studies have indeed shown that entrepreneurs with experience in a specific industry are more likely to recognize opportunities within that industry. This is because they have a better understanding of the market, customer needs, and existing competition.

Several Studies Have Shown That Prior Experience in an Industry