INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Either A or B
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None of the above
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Detailed explanation-1: -A technopreneur is an entrepreneur who involves himself in technology in producing goods and services for his organisation. A successful entrepreneur usually prefers to take high risks. An entrepreneur organizes, manages and assumes the risk of a business.
Detailed explanation-2: -Technopreneurship is a combination of technological advancements and entrepreneurial skills. From Facebook to Google, from Skype to Snapchat, tech entrepreneurs have fostered new ways of creating value & doing business, while also creating entirely new industries of their own.
Detailed explanation-3: -The term technopreneurship is a combination of the words ‘technology’ and ‘entrepreneurship’. It is a type of technology-related entrepreneurship. However, unlike entrepreneurship which may often be a one-person show, it requires tech-savvy, creative, imaginative people who can take on a calculated risk.
Detailed explanation-4: -Answer: The statement that is not true for entrepreneurs is (c) They do not create jobs. Explanation: Entrepreneurs are individuals who create and operate their own businesses or startups, taking on financial risks in the pursuit of profits and innovation.
Detailed explanation-5: -Social Entrepreneurship-This type of entrepreneurship focuses on producing product and services that resolve social needs and problems. Their only motto and goal is to work for society and not make any profits.