Question

Describe one strategy that can be used by the entrepreneurs to combat the challenges pose by the transnationals

Answer 1

Answer:

1. Study the competition. As an entrepreneur, you need to know who your competitors are. ...
2. Conserve cash no matter how good business is. Frankly put, live as cheaply as possible. ...
3. Research new products and services. ...
4. Don't tackle huge markets at first. ...
5. Listen to customer feedback and adapt. ...
6. Respond to change.

Explanation:

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