INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In an economy where two or more businesses are in ____, striving for the same customer or market, an entrepreneur faces many costs and risks.
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competition
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conversation
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employment
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the economy
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Explanation:
Detailed explanation-1: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks.
Detailed explanation-2: -Competitors are other businesses who can offer the same or similar goods and services to your customers.
There is 1 question to complete.