ENTREPRENEURSHIP

ENTREPRENEURIAL OPPORTUNITIES

IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a pull factor to entrepreneurship?
A
Independence
B
Unemployment
C
Disagreement with current employer
D
No formal training (can’t find a job)
Explanation: 

Detailed explanation-1: -Examples of ‘pull’ motivations include the need for achievement, the desire to be independent, and opportunities for social development. ‘Push’ motivations may arise from (the risk of) unemployment, family pressure, and individuals’ general dissatisfaction with their current situation.

Detailed explanation-2: -It is believes that small scale mining entrepreneurs are pushed into entrepreneurship by poverty, culture and their values. However, argue that small scale mining entrepreneurs are pulled into entrepreneurship because of their need to diversify and to generate income.

Detailed explanation-3: -In order to constitute independent entrepreneurial activity, the business must be carried on independently, not under the management and supervision of an employer or other principal.

There is 1 question to complete.