INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Process
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Innovation
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Development
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Rigid
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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.