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Which of the following best describes the approach of effectual entrepreneurs?Question 9Answera.They experiment and learn from failures.b.They pursue a predetermined market opportunity.c.They focus on predicting and controlling the future.d.They rely heavily on external expertise and resources.

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Which of the following best describes the approach of effectual entrepreneurs?Question 9Answera.They experiment and learn from failures.b.They pursue a predetermined market opportunity.c.They focus on predicting and controlling the future.d.They rely heavily on external expertise and resources.

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Solution

The approach of effectual entrepreneurs is best described as "They experiment and learn from failures." This is because effectual entrepreneurs are known for their ability to adapt and learn from their mistakes, rather than strictly following a predetermined plan or relying heavily on external resources. They are flexible and open to change, which allows them to take advantage of unexpected opportunities and learn from their experiences.

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