BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which TWO of the following are examples of the role of entrepreneurship?Select TWO answers.
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Make a profit
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Organise resources
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Adapt existing products
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Make business decisions
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Explanation:
Detailed explanation-1: -They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business. Entrepreneurs commonly face many obstacles when building their companies.
Detailed explanation-2: -Traditionally, entrepreneurship is categorized into four main types: small businesses, scalable startups, large companies and social entrepreneurs. These models cover the fundamentals of starting a business and focus more on the company itself, rather than the qualities of the entrepreneur.
Detailed explanation-3: -Small business entrepreneurship Local restaurants, dry cleaners, and mom-and-pop stores are good examples.
There is 1 question to complete.