ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The belief that successful entrepreneurship needs only a great idea is a misconception about entrepreneurship.
A
ture
B
false
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Essentially, entrepreneurship is the process of developing, organizing, and running a new business to generate profit while taking on financial risk.

Detailed explanation-2: -passion typically stems from the entrepreneur’s belief that the business will positively influence people’s lives. An entrepreneur’s keen focus on products and customers typically stems from the fact that most entrepreneurs are, at heart, craftspeople.

Detailed explanation-3: -True luck plays only a small part in running a successful business. Successful business owners make their own luck by working hard, staying focused on their goals, and making the tough decisions required to grow and succeed.

Detailed explanation-4: -Anything is possible. Hard work pays off–even if it takes years to see it. It doesn’t have to be perfect. You can’t do everything alone. Risks are necessary. Perspective and experience matter. There’s always more to learn. 01-Dec-2016

There is 1 question to complete.