Question

Deciding you want to open an Indian restaurant and then researching your market, gathering information, and opening the restaurant is an example of the creation approach.

A. True
B. False

Answer 1

Answer:

A. True

Explanation:

Creation approach is an entrepreneurial approach to business even when the future is uncertain. This type of approach focuses more on action and less on planning. On the other hand, predictive approach to businesses focuses more on planning and less on action.

The approach used in the question is a creation approach, the entrepreneur did not spend much time on planning but went direct to starting the business.