ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
All below are the characteristics of entrepreneurship definition, except ____
A
Process
B
Innovation
C
Development
D
Rigid
Explanation: 

Detailed explanation-1: -Variability-an entrepreneur is open to variations and changes (in products and services) to run a successful business. Control other factors is not a characteristic of an entrepreneur because there are factors that are beyond the control of an entrepreneur. Thus, the correct option is D.

Detailed explanation-2: -What Are the 4 Types of Entrepreneurship? Anyone interested in starting and running their own business should consider which entrepreneurial model they prefer: small business, scalable startup, large company, or social entrepreneurship.

Detailed explanation-3: -The entrepreneur is defined as someone who has the ability and desire to establish, administer and succeed in a startup venture along with risk entitled to it, to make profits. The best example of entrepreneurship is the starting of a new business venture.

Detailed explanation-4: -Vision. Innovation cannot happen without vision, the ability to not only recognize opportunity and connect dots, but also the wherewithal to question why a solution does not exist to a problem. Passion. Adaptability. Resilience.

There is 1 question to complete.