INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A “Scalable” Startup is a a business that:
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Does not seek outside financing
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Attempts to solve a social problem
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Innovates with a unique product/service and continues to grow the company
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All answers are correct
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Explanation:
Detailed explanation-1: -Scalable startup entrepreneurship They often receive funding from venture capitalists and hire specialised employees. Many of these businesses are technology-focused and seek rapid expansion and big profit returns. Examples of scalable startups are Facebook, Instagram and Uber.
Detailed explanation-2: -A startup is looking to expand quickly and become a much bigger company, while a small business is more focused on creating and maintaining a constant and stable revenue stream. They are not necessarily trying to scale up in any way.
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