INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Producer
|
|
Consumer
|
|
Supplier
|
|
Entrepreneur
|
Detailed explanation-1: -An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created while assuming most of the risks and reaping most of the rewards of the business.
Detailed explanation-2: -A creative entrepreneur is someone who uses their artistic talents and vision to start and grow a business. They may create unique products, provide creative services, or develop innovative ideas that bring value to the market.
Detailed explanation-3: -An entrepreneur is a person who is attentive to the environment, constantly scans it, and when identifies an opportunity for success or a chance making a positive impact, he/she turns it into a venture.
Detailed explanation-4: -The innovators are the ones willing to take a risk on a new product, the consumers who want to try it first.
Detailed explanation-5: -Answer and Explanation: The correct answer is True. An entrepreneur is a person who has identified an opportunity in the market for a good, service, or idea takes the risk in starting and operating a business based on the identified opportunity to reap the rewards (or profits); the process is called entrepreneurship.