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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The most likely problem encountered by innovative entrepreneurs in raising finance is:
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limited security since Research & Development is an intangible asset.
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the costs of the patenting system.
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the exhaustion of personal equity in Research & Development.
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the inability of potential external funders to understand the technology
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Explanation:
Detailed explanation-1: -Ans: c) The exhaustion of personal equity in R&D This the major problem faced by entrepreneurs who are trying to do R&D for an innovative produ…
Detailed explanation-2: -According to Schumpeter, innovative entrepreneurs would: Thrive in the market. Not survive and disappear from the market.
Detailed explanation-3: -Innovative entrepreneurship is the practice of establishing creating new business ideas intending to generate profit, assist their community and accomplish company goals. Innovative entrepreneurs develop business models to identify to meet the needs of an organization and improve their competitiveness in the market.
There is 1 question to complete.